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?

Explore how the prime rate influences consumer loans like mortgages, versus the repo rate's role in managing the money supply and short-term lending among banks.

South African Reserve Bank Governor Lesetja Kganyago said he favours ending the use of prime, the main reference rate commercial banks use to price trillions of rand of loans to clients.

South African Reserve Bank (SARB) Governor Lesetja Kganyago has indicated that he favours ending the use of the prime lending ...

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