The Reserve Bank lends money to banks at the ‘repo rate’, the banks add 3.5% to create the ‘prime rate’ – which we hear when we buy a car or a house or use a credit card – and the Reserve Bank is now ...
Most new mortgages, many corporate loans are based on interbank rates, which will continue to fall, monetary authority's ...
South African banking customers have been paying a prime rate of the repo rate plus 3.5% since 2001. Is it time for a change?
Changing the prime interest benchmark may alter optics and signalling, but it will not reduce borrowing costs in any durable way, writes Stuart Theobald.
FirstRand, Standard Bank, ABSA and Nedbank, four of SA’s largest mortgage providers, say they’ll work with regulators on ...
The Competition Commission of South Africa is investigating the prime lending rates, sparking mixed reactions from industry ...
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