Interest Rates South Africa 2024. The lights have been on for most of the year, inflation is at record lows, interest rates have been dropping, rating. Of only 1% in 2024 and 1.5%.
The south african reserve bank’s (sarb) monetary policy committee (mpc) has decided to cut the interest rate by 25 basis points for the fourth quarter of 2024. The best interest rate on a savings account for an investment of r250,000 in.