Johannesburg - Growth in credit demand from the private sector quickened to 8.34% year-on-year in May, from 8.27% in April, data from the South African Reserve Bank showed on Monday.
The broadly defined M3 measure of money supply expanded by 7.59%, from 6.98% in April.
Economists had expected slower growth of 8.3% in credit demand and 6.74% in money supply.
The broadly defined M3 measure of money supply expanded by 7.59%, from 6.98% in April.
Economists had expected slower growth of 8.3% in credit demand and 6.74% in money supply.