Prime Interest Rate South Africa 2024 History. (sarb) to lower the repo rate by 25 basis points, thus shifting the prime lending rate. South africa prime lending rate data is updated monthly, averaging 10.500 % pa from jan 2000 (median) to jul 2024, with 295 observations.

Bank lending rate in south africa decreased to 11.50 percent in september from 11.75 percent in july of 2024. With more than ten years of experience in media, she has covered a range of topics, focusing on economy and.