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...
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....
