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The current repo rate in South Africa?

The current repo rate is 8.25%, making the prime lending rate 11.75%.

The South African Reserve Bank bumped the repo rate to 8.25% in May 2023, but made no changes in September 2023 and early 2024.

This supports expert predictions that hikes to the interest rate would cease in 2024. They also predict that the interest rate may drop in late 2024.

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