South Africa SARB repurchase (repo) rate
South Africa SARB repurchase (repo) rate is 7.25 percent, in force since 25 Sep 2026, cited to SARB. It was 7 percent before that. Last checked against the official source on 14 Oct 2026.
Official source: SARB · Last checked 2026-10-14 · source fingerprint
The South African Reserve Bank's repurchase rate — the rate at which the SARB lends to commercial banks against eligible collateral, and the anchor for the prime lending rate (repo + 3.50pp). Set by the six-member Monetary Policy Committee under the SARB's constitutional mandate (s224 of the Constitution) and the South African Reserve Bank Act 90 of 1989; the MPC meets six times a year (January, March, May, July, September, November) and the new rate takes effect the day after the announcement.
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| Current value | 7.25 percent |
|---|---|
| In force from | 2026-09-25 |
| Official source | SARB - Statement of the Monetary Policy Committee, 23 September 2026, issued by Governor Lesetja Kganyago: 'Against this backdrop, the committee decided to raise the policy rate by 25 basis points, to 7.25%, effective from 25 September. The decision was unanimous.' |
| Last verified | 2026-10-14 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
Update, not a reconfirm. Live value was 7.00% (set by the May 2026 MPC, effective 29 May 2026, held at the 23 July 2026 MPC); that was superseded. The MPC statement of 23 September 2026 raised the repo rate 25bp to 7.25% effective 25 September 2026, unanimous (statement PDF: /content/dam/sarb/publications/statements/monetary-policy-statements/2026/september/september-statement.pdf). Checked 2026-10-10 by hand against the SARB statements pages: no later decision (the 2026 November statement page is not yet published). Next scheduled MPC: November 2026. Knock-on: the derived ZA prescribed rate of interest follows automatically under s 1(2)(c) of Act 55 of 1975 (repo determined 23 Sep 2026 -> 10.75% from 1 November 2026). The latest-decision gate has no mechanical proof for SARB yet (its statements listing is script-rendered), so this series stays in the judgement loop.
Earlier values
| From | Value | Source |
|---|---|---|
| 2026-05-29 | 7 | SARB — Statement of the Monetary Policy Committee, 23 July… |
| 2025-11-21 | 6.75 | SARB — Statement of the Monetary Policy Committee, 20… |
| 2025-08-01 | 7 | SARB — Statement of the Monetary Policy Committee, 31 July… |
| 2025-05-30 | 7.25 | SARB — Statement of the Monetary Policy Committee, 29 May… |
| 2025-01-31 | 7.5 | Bank for International Settlements - Central Bank Policy… |
| 2024-11-22 | 7.75 | Bank for International Settlements - Central Bank Policy… |
| 2024-09-20 | 8 | Bank for International Settlements - Central Bank Policy… |
| 2023-05-26 | 8.25 | Bank for International Settlements - Central Bank Policy… |
| 2023-03-31 | 7.75 | Bank for International Settlements - Central Bank Policy… |
| 2023-01-27 | 7.25 | Bank for International Settlements - Central Bank Policy… |
| 2022-11-25 | 7 | Bank for International Settlements - Central Bank Policy… |
| 2022-09-23 | 6.25 | Bank for International Settlements - Central Bank Policy… |
Get it programmatically
curl https://afriref.dev/v1/za/policy-rate
# $0.003 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://afriref.dev/v1/za/policy-rate/history?from=2020-01-01
# Provenance: curl https://afriref.dev/provenance/za/policy-rateEmail me when this changes
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Other South Africa series: VAT standard rate · National Minimum Wage (hourly) · Public holidays · CPI inflation (headline, year-on-year) · Corporate income tax rate · Personal income tax brackets · Statutory social-insurance contributions · SARB rand exchange rates (official reference) · Prescribed rate of interest · VAT registration threshold · Withholding tax rates · Tax filing deadlines
The same figure elsewhere: Tanzania · Togo · Tunisia · Uganda · Zambia · all 34