Real interest rate (%) in South Africa was reported at 7.4937 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. South Africa - Real interest rate - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

The benchmark interest rate in South Africa was last recorded at 7 percent. This dataset provides - South Africa Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about South Africa Long Term Interest Rate

• South Africa Government Bond Yield: Month End: 10 Years and Over was reported at 10.52 % pa in Feb 2025, compared with 10.38 % pa in the previous month.
• South Africa Long Term Interest Rate data is updated monthly, available from Aug 2006 to Feb 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.

The Month End Government Bond Yield as for 10 years and above uses the yields on government bonds with outstanding maturity of 10 years and longer.


Related information about South Africa Long Term Interest Rate

• In the latest reports, South Africa Short Term Interest Rate: Month End: Treasury Bills Rate: 91 Days was reported at 7.41 % pa in Feb 2025.
• The cash rate (Policy Rate: Month End: Repo Rate) was set at 7.50 % pa in Feb 2025.
• South Africa Exchange Rate against USD averaged 18.74 (USD/ZAR) in Jun 2023.

Graph and download economic data for Interest Rates: Immediate Rates (< 24 Hours): Central Bank Rates: Total for South Africa (IRSTCB01ZAQ156N) from Q1 1960 to Q4 2023 about South Africa, overnight, interest rate, banks, interest, depository institutions, and rate.

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.

Key information about South Africa Policy Rate

• South Africa cash rate (Policy Rate: Month End: Repo Rate) was set at 7.50 % pa in Feb 2025, compared with 7.50 % pa in the previous Jan 2025.
• South Africa Policy Rate averaged 7.00 % pa and is updated monthly, available from Nov 1999 to Feb 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.

Related information about South Africa Policy Rate

• In the latest reports, South Africa Short Term Interest Rate: Month End: Treasury Bills Rate: 91 Days was reported at 7.41 % pa in Feb 2025.
• Its Long Term Interest Rate (Government Bond Yield: Month End: 10 Years and Over) was reported at 10.52 % pa in Feb 2025.
• South Africa Exchange Rate against USD averaged 18.74 (USD/ZAR) in Jun 2023.
• Its Real Effective Exchange Rate was 89.35 in Dec 2024.

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.

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.

Deposit interest rate (%) in South Africa was reported at 7.92 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. South Africa - Deposit interest rate - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

South Africa Prime Lending Rate data was reported at 11.000 % pa in Mar 2025. This stayed constant from the previous number of 11.000 % pa for Feb 2025. South Africa Prime Lending Rate data is updated monthly, averaging 10.500 % pa from Jan 2000 (Median) to Mar 2025, with 303 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.M005: Prime Lending Rate.

Real interest rate of South Africa rocketed by 17.29% from 6.39 % in 2023 to 7.49 % in 2024. Since the 78.53% slump in 2021, real interest rate shot up by 1,487.29% in 2024. Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator.

Lending interest rate (%) in South Africa was reported at 11.62 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. South Africa - Lending interest rate - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

Graph and download economic data for Interest Rates: 3-Month or 90-Day Rates and Yields: Treasury Securities: Total for South Africa (IR3TTS01ZAQ156N) from Q1 1981 to Q4 2023 about South Africa, 3-month, Treasury, yield, securities, interest rate, interest, and rate.

Interest rate spread (lending rate minus deposit rate, %) in South Africa was reported at 3.705 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. South Africa - Interest rate spread (lending rate minus deposit rate, %) - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

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

Key information about South Africa Real Effective Exchange Rate

• South Africa Real Effective Exchange Rate (REER: 2005=100: Month Avg: South Africa) was 89.3 in Dec 2024, compared with the number of 90.0 in the previous month.
• South Africa Real Effective Exchange Rate data is updated monthly and averaged 143.5 from Jan 1970 to Dec 2024.
• The data reached an all-time high of 143.5 in Aug 1983 and a record low of 63.9 in Dec 2001.

CEIC generates Real Effective Exchange Rate Index with base 2005=100. South African Reserve Bank provides Real Effective Exchange Rate Index with base 2015=100. Producer Price Index for manufactured goods is used as a deflator. An increase in REER indicates reduced competitiveness for the reporting economy.


Related information about South Africa Real Effective Exchange Rate

• In the latest reports, South Africa Short Term Interest Rate: Month End: Treasury Bills Rate: 91 Days was reported at 7.4 % pa in Feb 2025.
• The cash rate (Policy Rate: Month End: Repo Rate) was set at 7.5 % pa in Feb 2025.
• South Africa Exchange Rate against USD averaged 18.7 (USD/ZAR) in Jun 2023.

Graph and download economic data for Interest Rates: Long-Term Government Bond Yields: Combined Terms: Total for South Africa (IRLTCT01ZAM156N) from Jan 1960 to Dec 2023 about 1 year +, South Africa, long-term, bonds, yield, government, interest rate, interest, and rate.

Risk premium on lending of South Africa slumped by 6.13% from 3.56 % in 2023 to 3.34 % in 2024. Since the 11.90% surge in 2022, risk premium on lending dropped by 8.28% in 2024. Risk premium on lending is the interest rate charged by banks on loans to private sector customers minus the "risk free" treasury bill interest rate at which short-term government securities are issued or traded in the market. In some countries this spread may be negative, indicating that the market considers its best corporate clients to be lower risk than the government. The terms and conditions attached to lending rates differ by country, however, limiting their comparability.

Risk premium on lending (lending rate minus treasury bill rate, %) in South Africa was reported at 3.3425 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. South Africa - Risk premium on lending (prime rate minus treasury bill rate, %) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Deposit Interest Rate in South Africa decreased to 7.85 percent in February from 7.88 percent in January of 2025. This dataset includes a chart with historical data for Deposit Interest Rate in South Africa.