Prime Interest Rates South Africa 2024. Bank lending rate in south africa decreased to 11.50 percent in september from 11.75 percent in july of 2024. South africa’s central bank cut interest rates for the first time in four years and signaled a more optimistic outlook for inflation.
Interest rate drops in south africa if you’re a homeowner or looking to buy property, the recent interest rate cut by the south african reserve bank (sarb) could. Government has welcomed the announcement by the south african reserve bank to cut the repo rate by 25 basis points to 8%.
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