Prime Rate 2024 South Africa. The sarb’s changes to the interest rate bring the repo rate to 8% and the prime rate to 11,5%. The hope is that the us will begin to drop interest rates in.

Interest rates remain at their highest levels in 15 years, with the repo rate now at 8% and the prime rate at 11.5%. Experts believe interest rate cuts are on the cards in late 2024.