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 ...
South African Reserve Bank Governor Lesetja Kganyago suggests phasing out the prime interest rate, maintaining that greater ...
Lenders typically price loans using the prime rate as a reference, with premiums or discounts to the measure depending on the cost of funding, risk appetite and the creditworthiness of clients. Gross ...
South African Reserve Bank Governor Lesetja Kganyago says he favours ending the use of the prime interest rate in the country.
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.
South African Reserve Bank (SARB) Governor Lesetja Kganyago has indicated that he favours ending the use of the prime lending ...
Most new mortgages, many corporate loans are based on interbank rates, which will continue to fall, monetary authority's ...
Americans collectively owe $1.233 trillion in credit card debt, with nearly half of all cardholders carrying balances month ...
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?
Some results have been hidden because they may be inaccessible to you
Show inaccessible results