Samantha holds various degrees from the University of Cape Town and has a keen interest in writing, research, and socio-legal analysis. As of February 2024, she is responsible for writing, editing, and or proofreading new and refurbished STBB content, including all social media posts, newsflashes, external articles, tender documents, capability statements, internal and external newsletters, legal updates and presentations, new employee bios, webinar and podcast descriptions, mailers, and advertisements.

STBB Newsflash | Interest Rates Remain Unchanged

Moments ago, the Monetary Policy Committee of the South African Reserve Bank (‘SARB’) convened its third meeting of the year. In line with economists’ predictions, SARB has again elected to keep the repurchase rate (‘repo rate’) at 8.25% to regulate inflation, preserve financial stability, and facilitate economic growth. Accordingly, the prime lending rate of commercial banks remains unchanged at 11.75%.

It marks the sixth consecutive meeting in which SARB has declined to adjust the repo rate. Although inflation has decreased slightly, its modest progress toward SARB’s target of 4.5% is not sufficient to justify an adjustment. Given SARB’s prudent approach thus far, some economists estimate that it is unlikely to cut the repo rate before the fourth quarter.

Contact us at should you have any questions or require legal assistance.

For the best legal advice and personalised service, let's talk
Subscribe to our monthly newsletters, subscribe