SEPTEMBER 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 75 basis points. The announcement was made on Thursday, 22 September 2022. The repo...
MARCH 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, 24 March 2022. The repo rate...
NOVEMBER 2021 – SOUTH AFRICA OFFICIAL INTEREST RATE It is important that employers note the following: Increase of the 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. This is the first increase in three years. The announcement...
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....
MAY 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 50 basis points. The announcement was made on Thursday, 21 May 2020....
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...
Reduction of official interest rate announced The Monetary Policy Committee (MPC) of the South African Reserve Bank has decided to reduce the repo rate for the first time since March 2018. The announcement was made on Wednesday, 18 July 2019. The repo rate is reduced by 25 basis points to 6,5% per year, effective from...
