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SOUTH AFRICA: Money Supply Heads into 2025 Still Growing Fast

SOUTH AFRICA
EM BulletBulletEmerging Market News
  • Money supply data out this morning showed M3 rising 7.77% Y/Y in November, with private credit rising 4.16% over the same period. That puts M3 still rising at the fastest pace of the year across the penultimate month of 2024.
  • Unrest in Mozambique continues, bringing further signs of instability at the South African border, with Moneyweb writing that the chances of calm returning as the New Year approaches appear slim - as such, South Africans have been urged to avoid the region as the unrest continues.
  • Trade balance data crosses later today, at 2pm SA time.
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  • Money supply data out this morning showed M3 rising 7.77% Y/Y in November, with private credit rising 4.16% over the same period. That puts M3 still rising at the fastest pace of the year across the penultimate month of 2024.
  • Unrest in Mozambique continues, bringing further signs of instability at the South African border, with Moneyweb writing that the chances of calm returning as the New Year approaches appear slim - as such, South Africans have been urged to avoid the region as the unrest continues.
  • Trade balance data crosses later today, at 2pm SA time.