Economy
How the repo rate works and what it does to your bond
The Reserve Bank's 25 basis-point increase, effective from 25 September 2026, added R168.49 a month to the repayment on an R1-million, 20-year home loan at prime.
South Africa's news, from the source
The repo rate, the prime lending rate and what each change costs or saves borrowers and savers.
The Reserve Bank's 25 basis-point increase, effective from 25 September 2026, added R168.49 a month to the repayment on an R1-million, 20-year home loan at prime.
Last week's gain ended a run of four weekly losses, and government bonds firmed too, with the yield on the R209 down to 8.94% on Friday.