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Interest rates today
South Africa’s repo rate is 7.25% and prime is 10.75%, since 25 September 2026, when the Reserve Bank raised them by 0.25 points. The next decision is on Thursday 19 November 2026, in 20 days.
- 7.25%Repo rateSince 25 Sep 2026 (+0.25)
- 10.75%Prime lending rateSince 25 Sep 2026
- 7.105%ZARONIAOn 29 Oct 2026
- 19 NovNext rate decisionThursday, in 20 days
The repo rate and prime since 2001
PrimeRepo rate
The chart needs JavaScript; every change is in the table below.
What a change does to your bond
Most home loans are priced against prime, so when the repo rate moves, so does your repayment.
R15,228a month, at 10.75%
+R254a month if the repo rate rises 0.25 points
−R253a month if it falls 0.25 points
A standard repayment with interest worked out monthly, before insurance and fees. Your bank’s figure may differ slightly.
Every change since 2002
| Took effect | Repo rate | Change | Prime |
|---|---|---|---|
| 25 Sep 2026 | 7.00% → 7.25% | +0.25 | 10.75% |
| 29 May 2026 | 6.75% → 7.00% | +0.25 | 10.50% |
| 21 Nov 2025 | 7.00% → 6.75% | −0.25 | 10.25% |
| 1 Aug 2025 | 7.25% → 7.00% | −0.25 | 10.50% |
| 30 May 2025 | 7.50% → 7.25% | −0.25 | 10.75% |
| 31 Jan 2025 | 7.75% → 7.50% | −0.25 | 11.00% |
| 22 Nov 2024 | 8.00% → 7.75% | −0.25 | 11.25% |
| 20 Sep 2024 | 8.25% → 8.00% | −0.25 | 11.50% |
| 26 May 2023 | 7.75% → 8.25% | +0.50 | 11.75% |
| 31 Mar 2023 | 7.25% → 7.75% | +0.50 | 11.25% |
| 27 Jan 2023 | 7.00% → 7.25% | +0.25 | 10.75% |
| 25 Nov 2022 | 6.25% → 7.00% | +0.75 | 10.50% |
Show all 64 changes
| Took effect | Repo rate | Change | Prime |
|---|---|---|---|
| 23 Sep 2022 | 5.50% → 6.25% | +0.75 | 9.75% |
| 22 Jul 2022 | 4.75% → 5.50% | +0.75 | 9.00% |
| 20 May 2022 | 4.25% → 4.75% | +0.50 | 8.25% |
| 25 Mar 2022 | 4.00% → 4.25% | +0.25 | 7.75% |
| 28 Jan 2022 | 3.75% → 4.00% | +0.25 | 7.50% |
| 19 Nov 2021 | 3.50% → 3.75% | +0.25 | 7.25% |
| 24 Jul 2020 | 3.75% → 3.50% | −0.25 | 7.00% |
| 22 May 2020 | 4.25% → 3.75% | −0.50 | 7.25% |
| 15 Apr 2020 | 5.25% → 4.25% | −1.00 | 7.75% |
| 20 Mar 2020 | 6.25% → 5.25% | −1.00 | 8.75% |
| 17 Jan 2020 | 6.50% → 6.25% | −0.25 | 9.75% |
| 19 Jul 2019 | 6.75% → 6.50% | −0.25 | 10.00% |
| 23 Nov 2018 | 6.50% → 6.75% | +0.25 | 10.25% |
| 29 Mar 2018 | 6.75% → 6.50% | −0.25 | 10.00% |
| 21 Jul 2017 | 7.00% → 6.75% | −0.25 | 10.25% |
| 18 Mar 2016 | 6.75% → 7.00% | +0.25 | 10.50% |
| 29 Jan 2016 | 6.25% → 6.75% | +0.50 | 10.25% |
| 20 Nov 2015 | 6.00% → 6.25% | +0.25 | 9.75% |
| 24 Jul 2015 | 5.75% → 6.00% | +0.25 | 9.50% |
| 18 Jul 2014 | 5.50% → 5.75% | +0.25 | 9.25% |
| 30 Jan 2014 | 5.00% → 5.50% | +0.50 | 9.00% |
| 20 Jul 2012 | 5.50% → 5.00% | −0.50 | 8.50% |
| 19 Nov 2010 | 6.00% → 5.50% | −0.50 | 9.00% |
| 10 Sep 2010 | 6.50% → 6.00% | −0.50 | 9.50% |
| 26 Mar 2010 | 7.00% → 6.50% | −0.50 | 10.00% |
| 14 Aug 2009 | 7.50% → 7.00% | −0.50 | 10.50% |
| 29 May 2009 | 8.50% → 7.50% | −1.00 | 11.00% |
| 4 May 2009 | 9.50% → 8.50% | −1.00 | 12.00% |
| 25 Mar 2009 | 10.50% → 9.50% | −1.00 | 13.00% |
| 6 Feb 2009 | 11.50% → 10.50% | −1.00 | 14.00% |
| 12 Dec 2008 | 12.00% → 11.50% | −0.50 | 15.00% |
| 13 Jun 2008 | 11.50% → 12.00% | +0.50 | 15.50% |
| 11 Apr 2008 | 11.00% → 11.50% | +0.50 | 15.00% |
| 7 Dec 2007 | 10.50% → 11.00% | +0.50 | 14.50% |
| 12 Oct 2007 | 10.00% → 10.50% | +0.50 | 14.00% |
| 17 Aug 2007 | 9.50% → 10.00% | +0.50 | 13.50% |
| 8 Jun 2007 | 9.00% → 9.50% | +0.50 | 13.00% |
| 8 Dec 2006 | 8.50% → 9.00% | +0.50 | 12.50% |
| 13 Oct 2006 | 8.00% → 8.50% | +0.50 | 12.00% |
| 3 Aug 2006 | 7.50% → 8.00% | +0.50 | 11.50% |
| 8 Jun 2006 | 7.00% → 7.50% | +0.50 | 11.00% |
| 15 Apr 2005 | 7.50% → 7.00% | −0.50 | 10.50% |
| 13 Aug 2004 | 8.00% → 7.50% | −0.50 | 11.50% |
| 12 Dec 2003 | 8.50% → 8.00% | −0.50 | 12.00% |
| 17 Oct 2003 | 10.00% → 8.50% | −1.50 | 13.50% |
| 11 Sep 2003 | 11.00% → 10.00% | −1.00 | 13.50% |
| 15 Aug 2003 | 12.00% → 11.00% | −1.00 | 14.50% |
| 13 Jun 2003 | 13.50% → 12.00% | −1.50 | 15.50% |
| 13 Sep 2002 | 12.50% → 13.50% | +1.00 | 17.00% |
| 14 Jun 2002 | 11.50% → 12.50% | +1.00 | 16.00% |
| 15 Mar 2002 | 10.50% → 11.50% | +1.00 | 14.00% |
| 16 Jan 2002 | 9.50% → 10.50% | +1.00 | 14.00% |
The Reserve Bank’s next decisions
The Monetary Policy Committee announces its decision at the end of each meeting, usually mid-afternoon; a change takes effect the next day or so.
- 19 November 2026Thursday
- 28 January 2027Thursday
- 18 March 2027Thursday
- 27 May 2027Thursday
- 22 July 2027Thursday
- 29 September 2027Wednesday
- 25 November 2027Thursday
Dates from the Reserve Bank’s calendar.
What these rates are
The repo rate is the rate at which the South African Reserve Bank lends to banks. Its Monetary Policy Committee sets it to keep inflation near target.
Prime is the rate banks use as the base for home loans, vehicle finance and overdrafts. By convention it’s the repo rate plus 3.5 percentage points, so it moves with every decision.
ZARONIA, the South African Rand Overnight Index Average, is the rate on overnight deposits between banks, published every business day (7.105% on 29 October 2026). It’s replacing JIBAR as the reference for loans and derivatives.
SABOR, the South African Benchmark Overnight Rate, was the earlier overnight reference (7.221% on 28 October 2026).
Every figure is from the South African Reserve Bank’s published time series, checked each business day against its headline rates. This page shows the latest release of our reference rates dataset.