South African Reserve Bank Governor Lesetja Kganyago suggests phasing out the prime interest rate, maintaining that greater ...

South African Reserve Bank Governor Lesetja Kganyago says he favours ending the use of the prime interest rate in the country.

The Reserve Bank lends money to banks at the ‘repo rate’, the banks add 3.5% to create the ‘prime rate’ – which we hear when ...

Explore how the prime rate influences consumer loans like mortgages, versus the repo rate's role in managing the money supply ...

South Africa is reviewing the main reference rate commercial banks use to price trillions of rands of loans to clients.

On the Johannesburg Stock Exchange, the Top-40 index was up 0.4% in early trading. On Thursday, 15 January, the rand is ...

South African banking customers have been paying a prime rate of the repo rate plus 3.5% since 2001. Is it time for a change?

The Governor of the South African Reserve Bank (SARB), Lesetja Kganyago, says he is in favour of ending the use of the prime lending rate to price bank loans, as more transparency is needed for ...

SA is expected to experience further interest rate relief in 2026 as inflation continues to ease and economic growth remains ...