Bank Lending Rate in South Africa remained unchanged at 10.25 percent in January from 10.25 percent in January of 2019. Bank Lending Rate in South Africa averaged 12.28 percent from 1957 until 2019, reaching an all time high of 25.50 percent in August of 1998 and a record low of 5.50 percent in December of 1962.

Bank Lending Rate in South Africa is expected to be 10.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Bank Lending Rate in South Africa to stand at 10.00 in 12 months time. In the long-term, the South Africa Prime Overdraft Rate is projected to trend around 10.50 percent in 2020, according to our econometric models.

South Africa Prime Overdraft Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-07-19 01:00 PM Prime Overdraft Rate 10% 10% 10% 10.00%
2018-09-20 01:10 PM Prime Overdraft Rate 10% 10% 10% 10.00%
2018-11-22 01:00 PM Prime Overdraft Rate 10.25% 10% 10.00%
2019-01-17 01:00 PM Prime Overdraft Rate 10.25% 10.25% 10.25%
2019-03-28 01:00 PM Prime Overdraft Rate 10.25% 10.25%
2019-05-23 01:00 PM Prime Overdraft Rate 10.5%
2019-07-18 01:00 PM Prime Overdraft Rate 10.5%


South Africa Consumer Last Previous Highest Lowest Unit
Consumer Confidence 7.00 7.00 26.00 -33.00 Index Points [+]
Retail Sales MoM -4.80 2.80 4.70 -5.10 percent [+]
Retail Sales YoY -1.40 2.90 15.50 -6.30 percent [+]
Consumer Spending 1935614.00 1928113.00 1935614.00 260612.00 ZAR Million [+]
Disposable Personal Income 2965713.00 2911510.00 2965713.00 3393.00 ZAR Million [+]
Personal Savings 0.20 0.40 23.80 -2.70 percent [+]
Private Sector Credit 5.10 5.56 35.88 -2.35 percent [+]
Bank Lending Rate 10.25 10.25 25.50 5.50 percent [+]
Gasoline Prices 1.03 1.06 1.44 0.43 USD/Liter [+]
Households Debt To GDP 33.00 33.10 43.90 33.00 percent of GDP [+]
Households Debt To Income 71.90 74.40 86.40 40.30 percent [+]
Consumer Confidence Economic Expectations -22.20 -1.00 37.00 -38.00 [+]
Consumer Confidence Financial Expectations 6.40 3.00 30.40 -22.00 [+]
Consumer Confidence Major Purchases Expectations -11.80 -17.00 13.10 -42.00 [+]


South Africa Prime Overdraft Rate

In South Africa, the bank lending rate refers to commercial banks prime overdraft rate. It is a benchmark rate priced at 3.5 basis points above the repurchase rate and it is used by banks to price the lending rates offered to clients at either above or below the benchmark rate. This page provides - South Africa Prime Overdraft Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Prime Overdraft Rate - actual data, historical chart and calendar of releases - was last updated on February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
10.25 10.25 25.50 5.50 1957 - 2019 percent Monthly




Country Last Previous
Brazil 48.88 Dec/18
South Africa 10.25 Jan/19
India 9.45 Feb/19
Russia 9.24 Dec/18
Australia 8.66 Jan/19
United States 5.50 Jan/19
Singapore 5.33 Jan/19
China 4.35 Jan/19
Canada 3.95 Feb/19
South Korea 3.72 Dec/18
Germany 2.06 Dec/18
Euro Area 1.97 Dec/18
Italy 1.90 Dec/18
United Kingdom 1.75 Feb/19
France 1.70 Dec/18
Japan 1.00 Dec/18
Spain 0.94 Dec/18
Netherlands 0.83 Dec/18


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