Here is when the SARB will meet this month
The South African Reserve Bank’s (SARB’s) financial coverage committee (MPC) meets each second month to announce adjustments – if any – to the nation’s repo and prime lending charges.
For the newest finance information, bookmark The South African website’s devoted part for free-to-read content material
The conferences happen in January, March, May, July, September and November – and all the time on a Thursday at 15:00.
Currently, the committee includes of six individuals, with Lesetja Kganyago holding the place of governor of the SARB.
REMINDER
Following the latest assembly in November 2024, the repo charge dropped to 7.75% whereas the prime lending charge now stands at 11.25%.
That choice represented excellent news for these owners with month-to-month bond compensation commitments – in addition to for these seeking to enter the property marketplace for the primary time.
Homeowners will probably be eagerly anticipating extra cuts in 2025.
But which dates in your calendar must you circle for that – hopefully – excellent news?
| Month | Date |
| January | 30 January |
| March | 20 March |
| May | 29 May |
| July | 31 July |
| September | 18 September |
| November | 20 November |
Monthly bond compensation desk
The South African website’s desk beneath compares the now previous month-to-month bond repayments on varied bond values over a 20-year interval assuming no deposit and repayments at prime, to the present value after the most up-to-date 25 foundation level minimize – and the month-to-month saving that entails:
| Bond | Old (11.5%) | Current (11.25%) | Saving |
| R750 000 | R7 998 | R7 869 | R129 |
| R800 000 | R8 531 | R8 394 | R137 |
| R850 000 | R9 065 | R8 919 | R146 |
| R900 000 | R9 598 | R9 443 | R155 |
| R950 000 | R10 131 | R9 968 | R163 |
| R1 000 000 | R10 664 | R10 493 | R171 |
| R1 458 924 | R15 558 | R15 308 | R250 |
| R1 500 000 | R15 996 | R15 739 | R257 |
| R2 000 000 | R21 329 | R20 985 | R344 |
| R2 500 000 | R26 661 | R26 231 | R430 |
| R3 000 000 | R31 993 | R31 478 | R515 |
| R3 500 000 | R37 325 | R36 724 | R601 |
| R4 000 000 | R42 657 | R41 970 | R687 |
| R4 500 000 | R47 989 | R47 217 | R772 |
| R5 000 000 | R53 321 | R52 463 | R858 |
To hire or purchase (and repay a bond): What do YOU do?
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