Johannesburg - Growth in credit demand from the private sector quickened to 9.06% year-on-year in October from 8.74% in September, the South African Reserve Bank data showed on Friday.
The broadly defined M3 measure of money supply also expanded at a faster rate of 8.02% year-on-year compared with September's revised figure of 7.86%.
Economists surveyed by Reuters had expected year-on-year credit growth of 8.92% for October, while money supply was seen increasing by 8.2%.