Moments ago, the Monetary Policy Committee of the South African Reserve Bank (‘SARB’) concluded its third meeting of 2025. Amid speculation that SARB would cautiously reject an interest rate adjustment, it has instead elected to lower the repo rate to 7.25%, effective 30th May 2025. Accordingly, the prime lending rate is now 10.75%.
The adjustment, which comes amid a slight uptick in consumer inflation, will no doubt be welcomed by the property industry, prospective purchasers, and homeowners with bond repayments.
While interest rates may change, STBB remains committed to your transaction, however big or small. Track the impact of the interest rate adjustment on your transaction by downloading our revolutionary STBB Direct mobile application. With STBB Direct, you can perform convenient cost calculations and receive live updates of your matters – anytime and from anywhere. Download STBB Direct from the App Store or Google Play today!
For further information or to speak with one of our property law attorneys, contact us at info@stbb.co.za.
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