Rate Cuts 2024 South Africa. The south african reserve bank slashed its key interest rate by 25 bps to 8% on september 19, 2024, as expected, following seven consecutive meetings at a 15. Increased to 5.50% and september 2022 to 6.25%, maintaining a stable market where buyer demand and affordability were still relatively aligned.

South africa cuts key rate for 1st time since 2020. The outlook for interest rate cuts has become more positive lately.