Prime Rate Today 2024 South Africa Today. This comes as a response to the other major manks as well as the us lowering their interest rates by 50 basis points. The south african reserve bank's monetary policy committee (mpc) has decided to keep the repurchase rate unchanged at 8.25% (prime and base home loan.

Prime overdraft rate (predominant rate) is th benchmark rate at which. The reserve bank’s monetary policy committee has decided to cut the repo rate by 25 basis points.