Bank Lending Rate in South Africa remained unchanged at 7 percent in September from 7 percent in September of 2020.

Bank Lending Rate in South Africa averaged 12.19 percent from 1957 until 2020, 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 September of 2020. source: South African Reserve Bank

Bank Lending Rate in South Africa is expected to be 7.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Bank Lending Rate in South Africa to stand at 7.00 in 12 months time. In the long-term, the South Africa Prime Overdraft Rate is projected to trend around 7.00 percent in 2021 and 7.25 percent in 2022, according to our econometric models.

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South Africa Prime Overdraft Rate

Actual Previous Highest Lowest Dates Unit Frequency
7.00 7.00 25.50 5.50 1957 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-04-14 09:00 AM 7.75% 8.75%
2020-05-21 01:00 PM May 7.25% 7.75% 7.3%
2020-07-23 01:00 PM 7% 7.25% 7%
2020-09-17 01:00 PM 7% 7% 7%
2020-11-19 01:00 PM 7%

South Africa Consumer Last Previous Highest Lowest Unit
Consumer Confidence -23.00 -33.00 26.00 -36.00 points [+]
Retail Sales MoM -1.10 6.60 68.80 -49.00 percent [+]
Retail Sales YoY -9.00 -7.20 15.50 -49.90 percent [+]
Consumer Spending 1656067.00 1967226.00 1967226.00 260612.00 ZAR Million [+]
Disposable Personal Income 3113124.00 3110292.00 3113124.00 3520.00 ZAR Million [+]
Personal Savings -0.50 -0.20 23.80 -2.50 percent [+]
Private Sector Credit 5.12 5.63 35.88 -2.35 percent [+]
Bank Lending Rate 7.00 7.00 25.50 5.50 percent [+]
Gasoline Prices 0.91 0.90 1.44 0.43 USD/Liter [+]
Households Debt To GDP 34.50 34.30 43.90 33.10 percent of GDP [+]
Households Debt To Income 72.80 71.90 86.40 40.30 percent [+]
Consumer Confidence Economic Expectations -22.20 -1.00 37.00 -38.00 [+]
Consumer Confidence Financial Expectations 6.40 3.00 30.40 -22.00 [+]
Consumer Confidence Major Purchases Expectations -11.80 -17.00 13.10 -42.00 [+]


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.