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What is the current repo rate in South Africa?

As of July 2026, the repo rate is 7.00%, making the prime lending rate 10.50%

This is after a 25 basis point hike in May 2026, following a succession of cuts in September 2024, November 2024, January 2025, May 2025, July 31, 2025, and November, 2025.

Experts predict another potential cut near the end of 2026.

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