The Reserve Bank lends money to banks at the ‘repo rate’, the banks add 3.5% to create the ‘prime rate’ – which we hear when ...

Explore how the prime rate influences consumer loans like mortgages, versus the repo rate's role in managing the money supply ...

Lenders typically price loans using the prime rate as a reference, with premiums or discounts to the measure depending on the ...

On the Johannesburg Stock Exchange, the Top-40 index was up 0.4% in early trading. On Thursday, 15 January, the rand is ...

South Africa is reviewing the main reference rate commercial banks use to price trillions of rands of loans to clients.

Discover how banks set loan interest rates, from Federal Reserve policies to market trends and borrower creditworthiness, for ...

With over a dozen credit cards and millions of credit card points racked up, Nancy Jiang condenses the complex world of card-churning for maximum rewards with minimum effort. Her work has been ...

Changing the prime interest benchmark may alter optics and signalling, but it will not reduce borrowing costs in any durable way, writes Stuart Theobald.

South African banking customers have been paying a prime rate of the repo rate plus 3.5% since 2001. Is it time for a change?

The Competition Commission of South Africa is investigating the prime lending rates, sparking mixed reactions from industry ...