The South African Reserve Bank has proposed replacing the prime lending rate with its policy rate as the benchmark for loans. The central bank says the change would strengthen the link between monetary policy and borrowing costs and improve transparency in loan pricing. The transition is proposed to begin from 2027, following consultations with banks and industry stakeholders. Thami Ngubeni spoke to Frank Blackmore, Lead Economist at KPMG South Africa.

<p>The South African Reserve Bank has proposed replacing the prime lending rate with its policy rate as the benchmark for loans. The central bank says the change would strengthen the link between monetary policy and borrowing costs and improve transparency in loan pricing. The transition is proposed to begin from 2027, following consultations with banks and industry stakeholders. Thami Ngubeni spoke to Frank Blackmore, Lead Economist at KPMG South Africa.</p>

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

<p>In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.</p>