Prime Rate 2024 South Africa Today. Interest rates remain at their highest levels in 15 years, with the repo rate now at 8% and the prime rate at 11.5%. 11.75% prime overdraft rate (predominant rate) is th benchmark rate at which private banks lend out.

South african reserve bank governor lesetja. 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.