Interest Rate South Africa April 2024. Old mutual chief economist johann els expects the policy repo rate to remain unchanged at 8.25%, marking the fourth consecutive meeting without a rate. Lending rate in south africa averaged 11.43 percent from 1950 until 2024, reaching an all time high of 25.50 percent in august of 1998 and a record low of 5.00 percent in february of 1950.
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