JULY 2020 – SOUTH AFRICA OFFICIAL INTEREST RATE It is important that employers note the following: Extension of COVID-19 relief payments to 15 August 2020 Further reduction of official interest rate announced The Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) has decided to reduce the repo rate by 25 basis points....
APRIL 2020 – SOUTH AFRICA OFFICIAL INTEREST RATE It is important that employers note the following: Further reduction of official interest rate announced The Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) has decided to reduce the repo rate by another 100 basis points. The May 2020 meeting of the MPC was...
APRIL 2020 – SOUTH AFRICA OFFICIAL INTEREST RATE It is important that employers note the following: Reduction of official interest rate announced The Monetary Policy Committee (MPC) of the South African Reserve Bank has decided to reduce the repo rate. The announcement was made on Thursday, 19 March 2020. The repo rate has been reduced...
