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June credit growth quickens year/year

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JOHANNESBURG – Increase private sector credit demand in South Africa accelerated to 7.3 percent year-on-year in June from 6.6 % in May, central bank data showed on Friday.

Expansion while in the broadly defined M3 way of money supply was slower at 5.88 percent year-on-year in June, from a revised 6.41 percent in May.

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