What is the current interest rate?

As of April 2025, the interest rate is 11.00%.

This follows a succession of cuts by the South African Reserve Bank.

• The post-pandemic period saw a series of interest rate hikes as the SARB sought to combat inflation.
• However, in 2023 experts predicted an end to interest rate hikes. Sure enough, the interest rate was left untouched in September 2023.
• In early 2024, experts predicted that late 2024 would see cuts.
• Predictions again bore out as the past few months have seen three successive interest rate cuts.
• Experts predict more interest rate cuts for 2025, although they expect the SARB will only cut 25 basis points at a time.
• The interest rate may be as low as 10.50% by the end of 2025.