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MAY 2022 – SOUTH AFRICA OFFICIAL INTEREST RATE It is important that employers note the following: Increase to official interest rate announced The Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) has increased the repo rate by 50 basis points. The announcement was made on Thursday, 19 May 2022. The repo rate...

JANUARY 2022 – SOUTH AFRICA OFFICIAL INTEREST RATE It is important that employers note the following:Increase to official interest rate announced The Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) has increased the repo rate by 25 basis points. The announcement was made on Thursday, 27 January 2022. The repo rate has...

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