For ‘greater transparency and clarity’: instead of the official repo rate and prime rate – and then the ‘prime-plus’ or ‘prime-minus’ rate quoted to a consumer – there will be a single Sarb policy ...

The SARB's plan to eliminate the prime interest rate in South Africa could have the opposite effect of what it intends.

All of the usual factors, notably your risk profile, will still be at play. But the enhanced transparency could conceivably lead to lower rates in some cases as the reform would mean that banks have ...

Historically, the prime lending rate has been set at 350 basis points above the repo rate. Under the current model, when a bank quotes a bond applicant “prime minus 1%”, the borrower is effectively ...

The South African Reserve Bank has released its consultation paper on the issue. We interview Roelof Botha, economic adviser to the Optimum Investment Group.

Your loan won’t change overnight. But the Reserve Bank’s rethink of the prime rate could gradually reshape how South Africans ...

Will South African borrowers benefit from a clearer and potentially cheaper loan pricing system? Discover how the SARB's ...

South Africans could soon see a shake-up in home and car loan pricing as the Reserve Bank considers scrapping the prime rate.

South Africa’s central bank seeks to replace prime, the main reference commercial banks use to price trillions of rands of loans, with its benchmark interest rate.

The SA Reserve Bank says it would prefer that banks set loan pricing at a premium above its main policy rate, commonly known ...

JOHANNESBURG, Feb 17 (Reuters) - South Africa's central bank wants to scrap the country's prime lending rate as soon as next ...

The South African Reserve Bank wants to scrap the country’s prime lending rate as soon as next year to make its main monetary policy rate the reference point in financial contracts, a discussion paper ...