FX.co ★ South Africa’s Prime Rate Edges Up to 10.75% in September, Ending Two-Month Hold

South Africa’s prime lending rate has been raised to 10.75% in September 2026, up from 10.50%, breaking a two-month pause in rate changes. The previous level of 10.50% had been in place since July 2026.

The adjustment, effective as of September 2026, signals a modest tightening in borrowing costs for households and businesses, and may reflect efforts to respond to ongoing economic or inflationary pressures. The latest data, updated on 23 September 2026, confirms the move as the most recent change in South Africa’s prime rate trajectory.