The benchmark interest rate in South Africa was last recorded at 6.75 percent. This dataset provides - South Africa Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about South Africa Policy Rate

• South Africa cash rate (Policy Rate: Month End: Repo Rate) was set at 6.75 % pa in Nov 2025, compared with 7.00 % pa in the previous Oct 2025.
• South Africa Policy Rate averaged 5.00 % pa and is updated monthly, available from Nov 1999 to Nov 2025.
• The data reached an all-time high of 13.50 % pa in May 2003 and a record low of 3.50 % pa in Oct 2021.

• In the latest reports, South Africa Short Term Interest Rate: Month End: Treasury Bills Rate: 91 Days was reported at 6.66 % pa in Nov 2025.
• Its Long Term Interest Rate (Government Bond Yield: Month End: 10 Years and Over) was reported at 8.98 % pa in Nov 2025.
• South Africa Exchange Rate against USD averaged 17.27 (USD/ZAR) in Oct 2025.
• Its Real Effective Exchange Rate was 89.88 in Sep 2025.

South Africa: Real interest rate: Bank lending rate minus inflation: The latest value from 2024 is 7.49 percent, an increase from 6.39 percent in 2023. In comparison, the world average is 4.99 percent, based on data from 73 countries. Historically, the average for South Africa from 1961 to 2024 is 3.4 percent. The minimum value, -11.01 percent, was reached in 1980 while the maximum of 12.69 percent was recorded in 1998.

Monthly and long-term South Africa Interest Rate data: historical series and analyst forecasts curated by FocusEconomics.

South Africa ZA: Real Interest Rate data was reported at 4.584 % pa in 2017. This records an increase from the previous number of 3.451 % pa for 2016. South Africa ZA: Real Interest Rate data is updated yearly, averaging 3.728 % pa from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 13.012 % pa in 1998 and a record low of -12.315 % pa in 1980. South Africa ZA: Real Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s South Africa – Table ZA.World Bank.WDI: Interest Rates. Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files using World Bank data on the GDP deflator.; ;

Lending Rate in South Africa remained unchanged at 10.50 percent in October. This dataset provides - South Africa Lending Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

FocusEconomics' economic data is provided by official state statistical reporting agencies as well as our global network of leading banks, think tanks and consultancies. Our datasets provide not only historical data, but also Consensus Forecasts and individual forecasts from the aformentioned global network of economic analysts. This includes the latest forecasts as well as historical forecasts going back to 2010. Our global network consists of over 1000 world-renowned economic analysts from which we calculate our Consensus Forecasts. In this specific dataset you will find economic data for South Africa Interest Rate.

South Africa: Interest rates on bank credit to the private sector: The latest value from 2024 is 11.63 percent, an increase from 11.5 percent in 2023. In comparison, the world average is 11.26 percent, based on data from 75 countries. Historically, the average for South Africa from 1960 to 2024 is 12.32 percent. The minimum value, 5.5 percent, was reached in 1963 while the maximum of 22.33 percent was recorded in 1984.

South Africa ZA: Deposit Interest Rate data was reported at 7.245 % pa in 2017. This records an increase from the previous number of 7.172 % pa for 2016. South Africa ZA: Deposit Interest Rate data is updated yearly, averaging 6.309 % pa from Dec 2008 (Median) to 2017, with 10 observations. The data reached an all-time high of 11.613 % pa in 2008 and a record low of 5.152 % pa in 2013. South Africa ZA: Deposit Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s South Africa – Table ZA.World Bank.WDI: Interest Rates. Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files.; ;

Bank deposit interest rate, percent in South Africa, June, 2025 The most recent value is 8.62 percent as of June 2025, no change compared to the previous value of 8.62 percent. Historically, the average for South Africa from January 2001 to June 2025 is 7.95 percent. The minimum of 6.14 percent was recorded in June 2021, while the maximum of 11.7 percent was reached in July 2008. | TheGlobalEconomy.com

South Africa Prime Lending Rate data was reported at 10.250 % pa in Nov 2025. This records a decrease from the previous number of 10.500 % pa for Oct 2025. South Africa Prime Lending Rate data is updated monthly, averaging 8.500 % pa from Jan 2000 (Median) to Nov 2025, with 311 observations. The data reached an all-time high of 17.000 % pa in May 2003 and a record low of 7.000 % pa in Oct 2021. South Africa Prime Lending Rate data remains active status in CEIC and is reported by South African Reserve Bank. The data is categorized under Global Database’s South Africa – Table ZA.M: Prime Lending Rate.

This dataset provides values for INTEREST RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Key information about South Africa Short Term Interest Rate

• South Africa Short Term Interest Rate: Month End: Treasury Bills Rate: 91 Days was reported at 6.66 % pa in Nov 2025, compared with 6.84 % pa in the previous month.
• South Africa Short Term Interest Rate data is updated monthly, available from Dec 1980 to Nov 2025.
• The data reached an all-time high of 11.00 % pa in Feb 2012 and a record low of 3.00 % pa in Oct 2025.
• Short Term Interest Rate is reported by reported by South African Reserve Bank.

• In the latest reports, South Africa Government Bond Yield: Month End: 10 Years and Over was reported at 8.98 % pa in Nov 2025.
• The cash rate (Policy Rate: Month End: Repo Rate) was set at 6.75 % pa in Nov 2025.
• South Africa Exchange Rate against USD averaged 17.27 (USD/ZAR) in Oct 2025.

Deposit Interest Rate in South Africa decreased to 7.22 percent in August from 7.36 percent in July of 2025. This dataset includes a chart with historical data for Deposit Interest Rate in South Africa.

Key information about South Africa Bank Lending Rate

• South Africa Bank Lending Rate was reported at 10.250 % pa in Dec 2025.
• This stayed constant from the previous number of 10.250 % pa for Dec 2025.
• South Africa Bank Lending Rate data is updated daily, averaging 7.000 % pa from Dec 1948 to 02 Dec 2025, with 28091 observations.
• The data reached an all-time high of 11.750 % pa in 19 Sep 2024 and a record low of 7.000 % pa in 18 Nov 2021.
• South Africa Bank Lending Rate data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Bank Lending Rate: Daily.

Key information about South Africa Long Term Interest Rate

• South Africa Government Bond Yield: Month End: 10 Years and Over was reported at 8.98 % pa in Nov 2025, compared with 9.34 % pa in the previous month.
• South Africa Long Term Interest Rate data is updated monthly, available from Aug 2006 to Nov 2025.
• The data reached an all-time high of 12.43 % pa in Sep 2023 and a record low of 6.73 % pa in Apr 2013.
• Long Term Interest Rate is reported by reported by South African Reserve Bank.

• In the latest reports, South Africa Short Term Interest Rate: Month End: Treasury Bills Rate: 91 Days was reported at 6.66 % pa in Nov 2025.
• The cash rate (Policy Rate: Month End: Repo Rate) was set at 6.75 % pa in Nov 2025.
• South Africa Exchange Rate against USD averaged 17.27 (USD/ZAR) in Oct 2025.

Bank Lending Rate in South Africa decreased to 10.25 percent in November from 10.50 percent in September of 2025. This dataset provides - South Africa Prime Overdraft Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Interbank Rate in South Africa remained unchanged at 6.61 percent on Friday November 28. This dataset provides - South Africa Interbank Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

South Africa’s inflation has been quite stable for the past years, levelling off between 3.2 and 6.9 percent, and is in fact expected to stabilize at around 4.5 percent in the future. South Africa is a mixed economy, generating most of its GDP through the services sector, especially tourism. However, the country struggles with unemployment and poverty. Inflation who?The inflation rate of a country is an important key factor to determine the country’s economic strength. It is calculated using the price increase of a defined product basket, containing goods and services on which the average consumer spends money throughout the year. They include, for example, expenses for groceries, clothes, rent, utilities, but also recreational activities, and raw materials (e.g. gas, oil), as well as federal fees and taxes. Some of these goods are more volatile than others – food prices, for example, are considered less reliable. The European Central Bank aims to keep inflation at around two percent in the long run. What happened in 2016?In 2016, South Africa’s inflation rate peaked at over 6.3 percent, and gross domestic product, and thus economic growth , took a hit, a sure indicator that something was affecting the country’s economic scaffolding: Low growth due to weak demand and an uncertain political future caused a crisis; then-President Jacob Zuma’s alleged mismanagement and unstable reign steeped in controversy and criminal charges even caused the economy’s outlook to be downgraded by ratings agencies. Zuma was relieved of his office in 2018 – ever since, inflation, GDP, and economic growth seem to have stabilized.

Inflation Rate in South Africa increased to 3.60 percent in October from 3.40 percent in September of 2025. This dataset provides - South Africa Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.