FX.co ★ South Africa Private Credit Grows 5.84% in July

In July 2025, South Africa experienced a year-on-year increase in private sector credit of 5.84%, building on a preceding 4.98% rise over the last two months. Concurrently, the expansive M3 money supply measure surged to an unprecedented ZAR 5,619,278 million, marking a 6.75% annual growth, though this reflects a deceleration from the previous 7.27% increase.