Prime Rate 2024 South Africa. And the prime lending rate has dropped to 11.50%. Bank lending rate in south africa decreased to 11.50 percent in september from 11.75 percent in july of 2024.
In september 2023, the south african reserve bank left the interest rate unchanged, which experts predict will be the trend for 2024. Prime lending rate data is updated monthly, averaging 10.500 % pa from jan 2000 (median) to jul 2024, with 295 observations.