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SA credit growth remains high

By Prieur du Plessis, on July 30th, 2008 posted in: South Africa

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By Kevin Lings

In June 2008, SA growth in broad money supply (M3) was recorded at 20.28% y/y, down fractionally from 20.9% y/y in May. The market was expecting growth of 20.14% y/y. In June, claims on the private sector rose by a substantial R38.2bn. Overall, M3 growth remains high, although there [...]

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