South Africa: Private sector credit

* indicates monthly or quarterly data series
The most recent value is 4456.15 billion South African Rand as of December 2024, an increase compared to the previous value of 4428.6 billion South African Rand. Historically, the average for South Africa from March 1965 to December 2024 is 1011.01 billion South African Rand. The minimum of 3.66 billion South African Rand was recorded in March 1965, while the maximum of 4456.15 billion South African Rand was reached in December 2024. Click on the following link to see the values of: Private sector credit around the world.
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* indicates monthly or quarterly data series

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  • Measure: billion South African Rand
  • Source: South African Reserve Bank

Recent values South Africa: Private sector credit, billion currency units
2024  Dec 4456.15
2024  Nov 4428.6
2024  Oct 4411.41
2024  Sep 4439.08
2024  Aug 4398.08
2024  Jul 4349.82
2024  Jun 4377.19
2024  May 4322.37


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Definition: Private sector credit refers to the credit extended by commercial banks and other deposit-taking institutions (excluding central banks) to private non-financial firms and households. Included are all credit institutions: domestic and foreign owned as well as private and public ones.

 Related indicators Latest Reference Measure
 Inflation 6.1 2023 percent
 Exchange rate regimes 7 2022 index points
 USD exchange rate 18.7227 1/2025 Local Currency Units per USD
 Money supply (broad money) 4,473.22 12/2024 billion
 Consumer Price Index (CPI) 116.1000 12/2024 index points
 Inflation, monthly 0.09 12/2024 percent
 Inflation, annual 3.02 12/2024 percent
 Private sector credit 4,456.15 12/2024 billion
 Business credit 2,267.09 12/2024 billion
 Household credit 2,189.06 12/2024 billion
 Deposit interest rate 8.97 9/2024 percent
 Mortgage credit interest rate 11.25 11/2024 percent
 Policy rate 7.75 12/2024 percent
 Household debt to GDP 34.30 6/2024 percent
 Debt service ratios for private non-financial sector 8.20 Q2/2024 percent
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