Credit growth
South African credit growth.
Private sector credit extension from the South African Reserve Bank: how much more banks have lent to households and companies than a year earlier.
- Latest reading
- +7.5%
- Aug, released 30 Sept 2026
- Before that
- +7.4%
- Jul
- Next release
- 29 Oct 2026
- for Sep
Lending to households and companies grew 7.5% year on year in August.
Credit growthThe last 15 months
| Period | Released | Reading |
|---|---|---|
| Aug | 30 Sept 2026 | +7.5% |
| Jul | 31 Aug 2026 | +7.4% |
| Jun | 29 Jul 2026 | +7.8% |
| May | 30 Jun 2026 | +8.6% |
| Apr | 29 May 2026 | +9.2% |
| Mar | 30 Apr 2026 | +8.5% |
| Feb | 30 Mar 2026 | +10.5% |
| Jan | 27 Feb 2026 | +8.8% |
| Dec | 30 Jan 2026 | +8.7% |
| Nov | 31 Dec 2025 | +7.8% |
| Oct | 28 Nov 2025 | +7.3% |
| Sep | 29 Oct 2025 | +6.0% |
| Aug | 30 Sept 2025 | +5.9% |
| Jul | 29 Aug 2025 | +5.8% |
| Jun | 29 Jul 2025 | +5.0% |
| May | 30 Jun 2025 | +5.0% |
What it is
Private sector credit extension from the South African Reserve Bank: how much more banks have lent to households and companies than a year earlier.
Why it matters for commerce
Much of South Africa’s big-ticket spending, from furniture and clothing on account to cars and homes, runs on credit. Faster lending supports those sales; slower lending holds them back.
Shares it moves most
QuestionsGood to know.
The total loans and advances banks have extended to households and companies, published monthly by the Reserve Bank as a year-on-year growth rate.
More of the shopper’s economy
- Retail sales
- Inflation (CPI)
- Interest rates (repo rate)
- Consumer confidence
- Unemployment
- Economic growth (GDP)
- New vehicle sales
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