Bank Lending Rate in South Africa remained unchanged at 7 percent in September from 7 percent in September of 2021. source: South African Reserve Bank

Bank Lending Rate in South Africa averaged 12.08 percent from 1957 until 2021, reaching an all time high of 25.50 percent in August of 1998 and a record low of 5.50 percent in December of 1962. This page provides - South Africa Prime Overdraft Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Prime Overdraft Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.

Bank Lending Rate in South Africa is expected to be 7.25 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Prime Overdraft Rate is projected to trend around 8.00 percent in 2022 and 9.50 percent in 2023, according to our econometric models.

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South Africa Prime Overdraft Rate

Calendar GMT Actual Previous Consensus TEForecast
2021-07-22 01:00 PM 7% 7% 7%
2021-09-23 01:00 PM 7% 7% 7%
2021-11-18 01:00 PM 7.25%

South Africa Last Unit Reference Previous Highest Lowest
Consumer Spending 2959898.00 ZAR Million Jun/21 2944770.00 3020314.00 260612.00
Disposable Personal Income 3763155.00 ZAR Million Jun/21 3182389.00 3763155.00 3520.00
Private Sector Credit 1.12 percent Aug/21 0.70 35.88 -2.35
Bank Lending Rate 7.00 percent Sep/21 7.00 25.50 5.50
Households Debt To Income 77.10 percent Dec/20 72.80 86.40 40.30

South Africa Prime Overdraft Rate
In South Africa, the bank lending rate refers to commercial banks prime overdraft rate. It is a benchmark rate priced at 3.5 basis points above the repurchase rate and it is used by banks to price the lending rates offered to clients at either above or below the benchmark rate.