South Africa's news, from the source
South Africa's policy and lending rates, from the Reserve Bank's own announcements. The next interest rate decision is due on 19 November 2026.
| Rate | Level | Since | Source |
|---|---|---|---|
| Repo rate | 7.25% | Since 25 September 2026 | Official source |
| Prime lending rate | 10.75% | Since 25 September 2026 | Official source |
| Consumer inflation | 4.5% | September 2026, year on year | Official source |
| Loan over 20 years | Monthly repayment at prime | Each 0.25 point higher adds |
|---|---|---|
| R500,000 | R5,076 | R85 |
| R1,000,000 | R10,152 | R170 |
| R1,500,000 | R15,228 | R254 |
| R2,000,000 | R20,305 | R339 |
Calculated by Rand Desk at the prime rate shown, compounded monthly over 240 months. Banks may charge above or below prime depending on the borrower.
The Reserve Bank's Monetary Policy Committee sets the repo rate, the rate at which it lends to banks, six times a year. By convention, commercial banks keep their prime lending rate 3.5 percentage points above the repo rate, so a change in the repo rate moves prime on the same day.
Our explainer, How the repo rate works, sets out how a change reaches bond and car repayments.
ZARONIA-linked derivatives stand at over R18.5 trillion, less than a fifth of the R98 trillion tied to Jibar, Deputy Governor Rashad Cassim told a market conference.
The target is 3% with a band of 1 percentage point either side, and the Reserve Bank accepts a temporary miss if inflation is heading back, usually within one or two years.
The Reserve Bank moved the last Jibar publication from 31 December 2026 because a law for hard-to-amend legacy contracts may not be ready in time.
The Reserve Bank governor said growth averaged 0.8% a year from 2015 to 2025 and that the bank projects 2% only by 2029.
The ECB left all three key rates unchanged on 29 October and said higher energy prices pose upside risks to inflation and downside risks to growth.
Ferrochrome output rose 29% to 125 thousand tonnes in the third quarter as Boshoek restarted in September and Wonderkop in October.
The Federal Open Market Committee voted 10 to 2 to keep the federal funds rate unchanged after September's increase, with two members preferring another quarter point.
The Presidency says the report on the failure to heed his order stays confidential for national security reasons, eight months after the panel was appointed with a one-month deadline.
