06/08/2026
The South African Reserve Bank (SARB) has decided to keep interest rates unchanged, leaving the repo rate at 7.0% and the prime lending rate at 10.50%. The decision reflects the Reserve Bank's cautious approach as it continues to balance inflation risks with the need to support economic growth.
For homeowners and prospective buyers, the decision means that monthly bond repayments linked to the prime lending rate will remain unchanged for now. Businesses and consumers will also benefit from greater certainty when planning their finances, as borrowing costs remain stable.
While holding rates steady provides short-term relief, the Reserve Bank has indicated that it will continue to closely monitor inflation, fuel prices, and global economic developments before making any future adjustments. Consumers are encouraged to continue managing their finances responsibly, as future interest rate decisions will depend on economic conditions.
