JOHANNESBURG - Private sector credit in the country edged down by 0.23% in April, following a robust 1.81% increase in March.
It was driven primarily by a drop in corporate borrowing, while household credit posted a modest rise of 0.1%.
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Despite the monthly dip, credit to the private sector was still 4.6% higher than a year earlier.
While some segments are showing signs of improvement, others reflect continued weak demand.
Household credit grew by 3% year-on-year in April, a slight uptick from 2.9% the previous month.
Growth was led by increased use of credit cards and overdrafts.
Mortgage lending held steady at 2.3%, while vehicle finance remained unchanged at 6.2%.