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Africa, News

South Africa’s January credit growth slows to 3.26% y/y

CAPE TOWN, Feb 26 (Reuters) – Growth in private sector credit in South Africa slowed to 3.26% year on year in January from 3.55% in December, central bank data showed on Friday.

Expansion in the broadly defined M3 measure of money supply also fell, to 9.15% in January from 9.48% the previous month.

(Reporting by Mfuneko Toyana Editing by Alexander Winning)

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