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MAY 2023 – 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 repurchase (repo) rate by 50 basis points. The announcement was made on Thursday, 25 May 2023. The repo...

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...

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...

  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...

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