Posts with Tag "repo rate"

Official Interest Rate Change for Employer Loans

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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.

Interest Rate Change for Employer Loans

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As a result of the latest repo rate change, the official interest rate for employer loans will change effective 1 June 2020.

Interest Rate Change for Employer Loans

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The repo rate has decreased by 100 basis points, resulting in the official interest rate for employer loans changing to 6.25%.

Interest Rate Change for Employer Loans

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The repo rate has decreased by 25 basis points, resulting in the official interest rate for employer loans changing to 7.25%.

Interest Rate Change for Employer Loans

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The repo rate has decreased by 25 basis points, resulting in the official interest rate for employer loans changing to 7.5%.

Interest Rate Change for Employer Loans

    1 minute read    

A change in the repo rate results in a change in the fringe benefit interest rate for low or interest free employer loans to employees.