Prime Interest Rate South Africa 2024 Sarb. 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. Sarb prime rate is the underlying rate for loans provided by commercial banks to their clients.

The mpc consists of up to seven members from the. This forecast takes the repo rate to 7.50% and the prime lending rate to 11% by the end of the year.