Today’s figure
Prime lending rate
Same everywhere
10.75% a year
From 25 September 2026. Up from 10.50%. The Reserve Bank’s next decision is on Thursday 19 November 2026.
Source: Worked out from the repo rate the Monetary Policy Committee announced on 23 September 2026: repo plus 3.5 points, the banks' convention · The notice’s page · Next change due 19 November 2026
01
Its history
Highest 11.75%Lowest 7%
10.75%
Nov 201530 changes keptToday
Show the numbers
| When or what | Figure |
|---|---|
| 25 September 2026 | 10.75% |
| 29 May 2026 | 10.5% |
| 21 November 2025 | 10.25% |
| 1 August 2025 | 10.5% |
| 30 May 2025 | 10.75% |
| 31 January 2025 | 11% |
| 22 November 2024 | 11.25% |
| 20 September 2024 | 11.5% |
| 26 May 2023 | 11.75% |
| 31 March 2023 | 11.25% |
| 27 January 2023 | 10.75% |
| 25 November 2022 | 10.5% |
| 23 September 2022 | 9.75% |
| 22 July 2022 | 9% |
| 20 May 2022 | 8.25% |
| 25 March 2022 | 7.75% |
| 28 January 2022 | 7.5% |
| 19 November 2021 | 7.25% |
| 24 July 2020 | 7% |
| 22 May 2020 | 7.25% |
| 15 April 2020 | 7.75% |
| 20 March 2020 | 8.75% |
| 17 January 2020 | 9.75% |
| 19 July 2019 | 10% |
| 23 November 2018 | 10.25% |
| 29 March 2018 | 10% |
| 21 July 2017 | 10.25% |
| 18 March 2016 | 10.5% |
| 29 January 2016 | 10.25% |
| 20 November 2015 | 9.75% |
November 2015: 9.75%. Every change since then is kept.
02
What it depends on
- The Reserve Bank’s repo rate, decided by its Monetary Policy Committee.
- The banks’ convention: prime is the repo rate plus 3.5 points.
03
Where it applies
Everywhere in South Africa. It is one national figure.
04