The SARB's plan to eliminate the prime interest rate in South Africa could have the opposite effect of what it intends.
For over two decades, the prime lending rate has dictated the cost of consumer finance in South Africa. Whether you’re signing for a new car, a first home, or a personal loan, the conversation almost ...
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Prime rate under scrutiny as Competition Commission investigation draws mixed responses
There is a mixed industry reaction after the Competition Commission of South Africa confirmed that they are investigating alleged cartel behaviour linked to the prime rate among South African banks.
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