Posts with Tag "official interest rate"

Monetary Policy Committee Increases Official Interest Rate

    1 minute read    

The Monetary Policy Committee have increased the repo rate with effect from 25 March 2022. This will affect the SARS official interest rate which is applied to employer loans from 1 April 2022

Official Interest Rate Change for Employer Loans

    1 minute read    

The South African Reserve Bank has announced an increase to the repurchase rate, effective from 19 November 2021. You can read about how this increase will effect the SimplePay system in this blog post.