Prime Interest Rate South Africa 2024 To 2024. Prime lending rate data is updated monthly, averaging 10.500 % pa from jan 2000 (median) to jul 2024, with 295 observations. Old mutual chief economist johann els expects the policy repo rate to remain unchanged at 8.25%, marking the fourth consecutive meeting without a rate change, with the prime interest rate currently at.
There may be hope on the horizon as futuregrowth asset management believes that interest rates have peaked at 8. The repo rate now stands at 8% and the prime lending rate at 11.50%.