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 ...

Explore how the prime rate influences consumer loans like mortgages, versus the repo rate's role in managing the money supply ...

South Africa is reviewing the main reference rate commercial banks use to price trillions of rands of loans to clients.

South African Reserve Bank Governor Lesetja Kganyago said he favours ending the use of prime, the main reference rate commercial banks use to price trillions of rand of loans to clients.

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?

The Competition Commission of South Africa is investigating the prime lending rates, sparking mixed reactions from industry ...