Official Interest Rate Change for Employer Loans - November 2024
The repo rate has been reduced by 25 basis points. This will affect the interest rate applicable to our Employer Loan item on payslips from 1 December 2024.
Posts with Tag "SARB"
Official Interest Rate Change for Employer Loans - September 2024
The repo rate has been reduced by 25 basis points. This will affect the interest rate applicable to our Employer Loan item on payslips from 1 October 2024.
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.
Official Interest Rate Change for Employer Loans
The South African Reserve Bank has announced another increase to the repurchase rate, with effect from 31 March 2023.
Official Interest Rate Change for Employer Loans
The South African Reserve Bank has announced another increase to the repurchase rate, effective from 27 January 2023.
Official Interest Rate Change for Employer Loans
The South African Reserve Bank has announced an increase to the repurchase rate, with effect from 25 November 2022.
Official Interest Rate Change for Employer Loans
The South African Reserve Bank has announced an increase to the repurchase rate, with effect from 22 September 2022.
Official Interest Rate Change for Employers Loans
The South African Reserve Bank has announced an increase to the repurchase rate, with effect from 22 July 2022.
Official Interest Rate Change for Employers Loans
The South African Reserve Bank has announced an increase to the repurchase rate, with effect from 20 May 2022.
Monetary Policy Committee Increases Official Interest Rate
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
Official Interest Rate Change for Employer Loans
The Reserve Bank has announced a second consecutive hike of the repurchase rate (repo rate). This blog post contains all of the important information you need to know.
Official Interest Rate Change for Employer Loans
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
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
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
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
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.