Repo Rate in South Africa
This page shows the current bank repurchase rate, as well as a graph and table of the repo rates in South Africa, since 1999.
The repo rate was last updated on . The current repo rate is %.
Repo Rate Graph
This is a graph of the repo rates in South Africa, since 1999. To see what the repo rate was at a specific time, move your mouse over the graph.
Repo Rate History
The following table shows the historical repo rates in South Africa, since 1999.
March 16th, 2010 at 05:51 pm
From 2000-01-14 to 2000-09-30 was the repo rate at 11.75% or it changed? Also was the repo rate at 12.00% from 2000-10-17 to the beginning of 2001?
March 16th, 2010 at 05:47 pm
I mean was it consistant or it changed in between the period from 2000-01-14 to 2000-09-30 ?
Thank you.
March 16th, 2010 at 08:47 pm
@ Kapinni
>> From 2000-01-14 to 2000-09-30 was the repo rate at 11.75%?
Yes
>> Was the repo rate at 12.00% from 2000-10-17 to the beginning of 2001?
Yes
April 8th, 2010 at 04:14 pm
What are the main reasons for repo rate movements(changes) in the past five(5) years. What can you hold it against if one was to try and explain it in detail?
April 17th, 2010 at 11:58 pm
Do you know where I can get the repo rates for 1994 – 1998?
April 20th, 2010 at 10:19 am
@Nicole
I’m not 100% sure about this, but you should be able to calculate them from the prime interest rate figures on this website.
Repo Rate = Prime Rate – 3.5
April 26th, 2010 at 11:33 am
What are the cahnces of the repo rate going down again in the next year or so?
April 28th, 2010 at 12:14 pm
@Cindy
There is a possibility that the REPO rate will go down a bit more.
The SARB‘s mandate is to try and keep inflation in a target range of 4% to 6%.
The year-on-year CPI inflation rate for March 2010 came in today at 5.1%.
So, looking purely at inflation figures, they may have reason to lower the REPO rate a little more.
August 23rd, 2010 at 01:34 pm
Do you by any chance know where i can get info about the price of crude oil in SA?
August 29th, 2010 at 10:21 am
@Phuti http://fin24.com/Markets/Commodities/
March 10th, 2011 at 01:00 pm
I have a question how do the banks determine the interest rate for money invested?
Do they use the repo rate for interest or a factor of it?
Can someone help me?
March 10th, 2011 at 06:28 pm
@Chris
I have a current account in which I kept a positive balance and monitored carefully over the last 5 years.
The interest rate of moneys I kept in this account consistently went up and down with the repo rate during this time. So in my case, yes, the interest rate seems to be linked to the repo rate.
The calculation the bank uses seems to be using for my account is REPO – 1.3 percentage points.
I’m currently earning interest at a rate of 4.2%.
However, it is not stated in the T&Cs of the account that this will always be the case (i.e. it is not guaranteed) and I cannot speak for any of the other banks or accounts.
March 11th, 2011 at 11:39 am
If I was earning a gross salary of R15,000 per month in 2002, how do I calculate the inflation rate to work out what that salary should be worth today? I read somewhere that the cost of bread has increased by 140% between 2002 and 2010, does that mean my salary should have increased by a similar rate?