Official Interest Rate Change for Employer Loans - 26 May 2023
The South African Reserve Bank has announced another increase to the repurchase rate, with effect from 26 May 2023.
The South African Reserve Bank has announced another increase to the repurchase rate, with effect from 26 May 2023.
The South African Reserve Bank has announced another increase to the repurchase rate, with effect from 31 March 2023.
The South African Reserve Bank has announced another increase to the repurchase rate, effective from 27 January 2023.
The South African Reserve Bank has announced an increase to the repurchase rate, with effect from 25 November 2022.
The South African Reserve Bank has announced an increase to the repurchase rate, with effect from 22 September 2022.
The South African Reserve Bank has announced an increase to the repurchase rate, with effect from 22 July 2022.
The South African Reserve Bank has announced an increase to the repurchase rate, with effect from 20 May 2022.
The Monetary Policy Committee have increased the repo rate with effect from 25 March 2022. This will affect the SARS official interest rate which is applied to employer loans from 1 April 2022
The South African Reserve Bank has announced an increase to the repurchase rate, effective from 19 November 2021. You can read about how this increase will effect the SimplePay system in this blog post.
The repo rate has been decreased to 3.5%, impacting employer loan benefits from 1 August 2020.