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Africa, News

South Africa credit growth slows to 6.35% year on year in May

JOHANNESBURG (Reuters) – Growth in private sector credit in South Africa in May slowed to 6.35% year on year from a revised 7.18% in April, central bank data showed on Tuesday.

Expansion in the broadly defined M3 measure of money supply also slowed, to 10.26% in May from 10.47% in April.

(Reporting by Mfuneko Toyana; Editing by Alexander Winning)

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