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 Bank Lending Rate

• South Africa Bank Lending Rate was reported at 11.000 % pa in Mar 2025.
• This stayed constant from the previous number of 11.000 % pa for Mar 2025.
• South Africa Bank Lending Rate data is updated daily, averaging 10.250 % pa from Dec 1948 to 26 Mar 2025, with 27840 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.

South African Reserve Bank provides daily Bank Lending Rate.

Graph and download economic data for Interest Rates: Immediate Rates (< 24 Hours): Central Bank Rates: Total for South Africa (IRSTCB01ZAM156N) from Jan 1960 to Dec 2023 about South Africa, overnight, interest rate, banks, interest, depository institutions, and rate.

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.

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 7.41 % pa in Feb 2025, compared with 7.70 % pa in the previous month.
• South Africa Short Term Interest Rate data is updated monthly, available from Dec 1980 to Feb 2025.
• The data reached an all-time high of 22.15 % pa in Feb 1985 and a record low of 3.45 % pa in Aug 2020.
• Short Term Interest Rate is reported by reported by South African Reserve Bank.

Related information about South Africa Short Term Interest Rate

• In the latest reports, South Africa Government Bond Yield: Month End: 10 Years and Over was reported at 10.52 % 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.

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.

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.

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.

Lending Rate in South Africa remained unchanged at 10.75 percent in June. 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.

South Africa Banks Risk: Interest Rate data was reported at 2,902,564.000 ZAR th in Sep 2018. This records a decrease from the previous number of 3,114,563.000 ZAR th for Aug 2018. South Africa Banks Risk: Interest Rate data is updated monthly, averaging 1,321,170.000 ZAR th from Jan 2008 (Median) to Sep 2018, with 129 observations. The data reached an all-time high of 3,463,242.000 ZAR th in May 2018 and a record low of 529,144.000 ZAR th in Feb 2010. South Africa Banks Risk: Interest 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.KB014: Banking Performance Indicator.

Inflation Rate in South Africa increased to 3 percent in June from 2.80 percent in May of 2025. This dataset provides - South Africa Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

Bank deposit interest rate, percent in Afrique du Sud, mars, 2025 Pour cet indicateur, South African Reserve Bank fournit des données pour la Afrique du Sud de janvier 2001 à mars 2025. La valeur moyenne pour Afrique du Sud pendant cette période était de 7.94 pour cent avec un minimum de 6.14 pour cent en juin 2021 et un maximum de 11.7 pour cent en juillet 2008. | TheGlobalEconomy.com

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.

South Africa Real Prime Lending Rate data was reported at 4.660 % pa in Oct 2018. This records a decrease from the previous number of 4.860 % pa for Sep 2018. South Africa Real Prime Lending Rate data is updated monthly, averaging 4.046 % pa from Dec 1948 (Median) to Oct 2018, with 839 observations. The data reached an all-time high of 17.060 % pa in Aug 1998 and a record low of -5.560 % pa in Dec 1986. South Africa Real 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.M004: Prime Lending Rate.

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.

Suku Bunga Acuan Afrika Selatan dilaporkan sebesar 7.50 % pa pada 2025-02. Angka ini tetap dibanding sebelumnya yaitu 7.50 % pa untuk 2025-01. Data Suku Bunga Acuan Afrika Selatan diperbarui bulanan, dengan rata-rata 7.00 % pa dari 1999-11 sampai 2025-02, dengan 304 observasi. Data ini mencapai angka tertinggi sebesar 13.50 % pa pada 2003-05 dan rekor terendah sebesar 3.50 % pa pada 2021-10. Data Suku Bunga Acuan Afrika Selatan tetap berstatus aktif di CEIC dan dilaporkan oleh South African Reserve Bank. Data dikategorikan dalam Afrika Selatan Global Database – Table ZA.M001: Repo Rate.

Suku Bunga Jangka Pendek Afrika Selatan dilaporkan sebesar 7.41 % pa pada 2025-02. Rekor ini turun dibanding sebelumnya yaitu 7.70 % pa untuk 2025-01. Data Suku Bunga Jangka Pendek Afrika Selatan diperbarui bulanan, dengan rata-rata 9.37 % pa dari 1980-12 sampai 2025-02, dengan 531 observasi. Data ini mencapai angka tertinggi sebesar 22.15 % pa pada 1985-02 dan rekor terendah sebesar 3.45 % pa pada 2020-08. Data Suku Bunga Jangka Pendek Afrika Selatan tetap berstatus aktif di CEIC dan dilaporkan oleh South African Reserve Bank. Data dikategorikan dalam Afrika Selatan Global Database – Table ZA.M010: Treasury Bills Rate.

South Africa BoP: saar: CA: Receipts: Income: Direct Investment: Interest data was reported at 6,893.000 ZAR mn in Jun 2018. This records an increase from the previous number of 4,827.000 ZAR mn for Mar 2018. South Africa BoP: saar: CA: Receipts: Income: Direct Investment: Interest data is updated quarterly, averaging 48.000 ZAR mn from Mar 1960 (Median) to Jun 2018, with 234 observations. The data reached an all-time high of 7,249.000 ZAR mn in Sep 2016 and a record low of 2.000 ZAR mn in Sep 1975. South Africa BoP: saar: CA: Receipts: Income: Direct Investment: Interest 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.JB003: BPM6: Balance of Payments: Seasonally Adjusted at Annualised Rates.