South Africa's credit growth quickens to 8.16 pct in August
JOHANNESBURG (Reuters) - Growth in credit demand from South Africa's private sector accelerated to 8.16 percent year-on-year in August from 7.41 percent in July, central bank data showed on Monday. Expansion in the broadly defined M3 measure of money supply slowed to 6.9 percent from 7.36 percent. Economists surveyed by Reuters had expected credit growth to slow to 7.3 percent while money supply growth was seen at 7.35 percent.