23/09/2026
📢𝐁𝐑𝐄𝐀𝐊𝐈𝐍𝐆 𝐍𝐄𝐖𝐒: 𝐓𝐡𝐞 𝐒𝐨𝐮𝐭𝐡 𝐀𝐟𝐫𝐢𝐜𝐚𝐧 𝐑𝐞𝐬𝐞𝐫𝐯𝐞 𝐁𝐚𝐧𝐤 𝐡𝐚𝐬 𝐫𝐚𝐢𝐬𝐞𝐝 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨 𝐫𝐚𝐭𝐞 𝐛𝐲 𝟐𝟓 𝐛𝐚𝐬𝐢𝐬 𝐩𝐨𝐢𝐧𝐭𝐬, 𝐛𝐫𝐢𝐧𝐠𝐢𝐧𝐠 𝐭𝐡𝐞 𝐩𝐫𝐢𝐦𝐞 𝐥𝐞𝐧𝐝𝐢𝐧𝐠 𝐫𝐚𝐭𝐞 𝐭𝐨 𝟏𝟎.𝟕𝟓%
The South African Reserve Bank (SARB) has raised the repo rate by 25 basis points, taking it to 7.25%.
As a result, the prime lending rate increases to 10.75%. The decision was announced today, 23 September 2026, and was unanimous.
So, what does this mean for homeowners and prospective property buyers?
On a 𝐑𝟐 𝐦𝐢𝐥𝐥𝐢𝐨𝐧, 𝟐𝟎-𝐲𝐞𝐚𝐫 𝐡𝐨𝐦𝐞 𝐥𝐨𝐚𝐧 𝐚𝐭 𝐩𝐫𝐢𝐦𝐞, the increase works out to approximately 𝐑𝟑𝟑𝟕 𝐦𝐨𝐫𝐞 𝐩𝐞𝐫 𝐦𝐨𝐧𝐭𝐡 or around 𝐑𝟒𝟎𝟒𝟒 𝐦𝐨𝐫𝐞 𝐩𝐞𝐫 𝐲𝐞𝐚𝐫.
While 0.25% may sound small, changes in interest rates can have a meaningful impact on monthly affordability, borrowing costs and household budgets.
🏡Property remains a long-term investment.
𝐓𝐡𝐢𝐧𝐤𝐢𝐧𝐠 𝐨𝐟 𝐛𝐮𝐲𝐢𝐧𝐠, 𝐬𝐞𝐥𝐥𝐢𝐧𝐠, 𝐨𝐫 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠? Contact our team of experienced property professionals for expert guidance.
CCH - Cape Coastal Homes / City Country Homes
021 851 1951 | 🌐 www.cch.co.za
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