South African Reserve Bank Governor Lesetja Kganyago suggests phasing out the prime interest rate, maintaining that greater ...
South African Reserve Bank Governor Lesetja Kganyago says he favours ending the use of the prime interest rate in the country.
The Reserve Bank lends money to banks at the ‘repo rate’, the banks add 3.5% to create the ‘prime rate’ – which we hear when ...
Lenders typically price loans using the prime rate as a reference, with premiums or discounts to the measure depending on the ...
South Africa is reviewing the main reference rate commercial banks use to price trillions of rands of loans to clients.
On the Johannesburg Stock Exchange, the Top-40 index was up 0.4% in early trading. On Thursday, 15 January, the rand is ...
The Governor of the South African Reserve Bank (SARB), Lesetja Kganyago, says he is in favour of ending the use of the prime lending rate to price bank loans, as more transparency is needed for ...
South African banking customers have been paying a prime rate of the repo rate plus 3.5% since 2001. Is it time for a change?
Explore how the prime rate influences consumer loans like mortgages, versus the repo rate's role in managing the money supply and short-term lending among banks.
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