Lending Rate in South Africa remained unchanged at 10 percent in November from 10 percent in October of 2019.

Lending Rate in South Africa averaged 11.59 percent from 1950 until 2019, reaching an all time high of 25.50 percent in August of 1998 and a record low of 5 percent in February of 1950. This page provides - South Africa Lending Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Lending Rate - values, historical data and charts - was last updated on August of 2020.

Lending Rate in South Africa is expected to be 10.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Lending Rate in South Africa to stand at 9.75 in 12 months time. In the long-term, the South Africa Lending Rate is projected to trend around 9.75 percent in 2021 and 10.75 percent in 2022, according to our econometric models.

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South Africa Lending Rate

Actual Previous Highest Lowest Dates Unit Frequency
10.00 10.00 25.50 5.00 1950 - 2019 percent Monthly

South Africa Money Last Previous Highest Lowest Unit
Interest Rate 3.50 3.75 23.99 3.50 percent [+]
Money Supply M0 307663.00 283765.00 307663.00 415.00 ZAR Million [+]
Money Supply M1 2052679.00 2055075.00 2063577.00 1482.00 ZAR Million [+]
Interbank Rate 3.53 3.53 16.96 3.53 percent [+]
Money Supply M2 3314630.00 3325003.00 3325003.00 2887.00 ZAR Million [+]
Money Supply M3 4138932.00 4100096.00 4138932.00 4796.00 ZAR Million [+]
Foreign Exchange Reserves 57876.00 52320.00 57876.00 5316.00 USD Million [+]
Banks Balance Sheet 6533509.00 6543613.00 6619177.00 114781.00 ZAR Million [+]
Loans to Private Sector 4002752.00 4014780.00 4054071.00 4051.00 ZAR Million [+]
Deposit Interest Rate 4.77 5.25 21.60 4.77 percent [+]
Lending Rate 10.00 10.00 25.50 5.00 percent [+]
Central Bank Balance Sheet 1087533.00 1015028.00 1087533.00 543.00 ZAR Million [+]


South Africa Lending Rate
In South Africa, 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.