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 ...

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?

With RBI repo rate cuts pushing FD returns to multi-year lows, investors are re-evaluating where to park their money safely.

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

Changing the prime interest benchmark may alter optics and signalling, but it will not reduce borrowing costs in any durable way, writes Stuart Theobald.

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