Interest rates (repo rate)
South African interest rates.
The repo rate is the rate the South African Reserve Bank lends to banks, set by its Monetary Policy Committee. Banks’ prime lending rate moves with it, and most household credit is priced off prime.
- Latest reading
- 7.25%
- 23 Sept 2026
- Before that
- 7.00%
- 23 Jul 2026
- Prime lending rate
- 10.75%
- Next release
- 19 Nov 2026
The repo rate is 7.25% after the Reserve Bank raised it by 25 basis points on 23 Sept 2026, putting prime at 10.75%.
Interest rates (repo rate)The last 15 months
| Period | Released | Reading |
|---|---|---|
| Rate decision | 23 Sept 2026 | 7.25% |
| Rate decision | 23 Jul 2026 | 7.00% |
| Rate decision | 28 May 2026 | 7.00% |
| Rate decision | 26 Mar 2026 | 6.75% |
| Rate decision | 29 Jan 2026 | 6.75% |
| Rate decision | 20 Nov 2025 | 6.75% |
| Rate decision | 18 Sept 2025 | 7.00% |
| Rate decision | 31 Jul 2025 | 7.00% |
What it is
The repo rate is the rate the South African Reserve Bank lends to banks, set by its Monetary Policy Committee. Banks’ prime lending rate moves with it, and most household credit is priced off prime.
Why it matters for commerce
Rates set the cost of every store card, car loan and home loan. Higher rates leave indebted households with less to spend and hit credit retailers, car dealers, furniture stores and mall landlords hardest.
Shares it moves most
- Famous Brands FBR
- Spur SUR
- Sun International SUI
- Tsogo Sun TSG
- Southern Sun SSU
- City Lodge CLH
- Mr Price MRP
- TFG TFG
- Pepkor PPH
- Woolworths WHL
- Truworths TRU
- Richemont CFR
- Cashbuild CSB
- Italtile ITE
- Lewis LEW
- Motus MTH
- Combined Motor Holdings CMH
- Hyprop HYP
- Resilient REIT RES
- Vukile VKE
- Fortress FFB
- Fairvest FTB
- Exemplar REITail EXP
- Attacq ATT
- NEPI Rockcastle NRP
- Lighthouse Properties LTE
QuestionsGood to know.
The repo rate is what the Reserve Bank charges banks. Prime is the rate banks charge their best customers, and it moves with the repo rate. Most home loans, car loans and store accounts are priced relative to prime.
The Monetary Policy Committee meets six times a year. The next decision date is shown on this page and in our calendar.
More of the shopper’s economy
- Retail sales
- Inflation (CPI)
- Consumer confidence
- Unemployment
- Economic growth (GDP)
- New vehicle sales
- Credit growth
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