The South African

SARB keeps interest rate on hold

The South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) met on Thursday to announce its latest interest rate decision. The South African Reserve Bank's (SARB) Monetary Policy Committee ...
The Citizen

What phasing out the prime lending rate would mean for consumers

Is it important to have a prime rate if banks can use their discretion about the risk you pose by offering a lending rate ...

If the prime lending rate is phased out, what does it mean for consumers?

Speaking at Davos, South African Reserve Bank (SARB) Governor Lesetja Kganyago said the prime rate would potentially be phased out in line with the bank’s current reform drive. While this might sound ...