When was the last repo rate cut in SA?

As of April 2025, the most recent repo rate cut was in January 2025, when the rate was cut to 7.5%, making the prime lending rate 11.00%.

In their March 2025 meeting, the SARB’s Monetary Policy Committee voted to maintain the repo rate at 7.50%. The decision wasn’t unanimous (4-2 split), with the majority citing economic uncertainty and potential inflation risks as reasons for caution. This careful approach stems from concerns about international trade tensions and global economic shifts that could affect South Africa’s financial stability and, consequently, home loan interest rates.