Interest rate announcement: Every SARB meeting date in 2025

The South African Reserve Bank’s (SARB’s) monetary policy committee (MPC) meets every second month to announce changes – if any – to the country’s repo and prime lending rates.

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The meetings take place in January, March, May, July, September and November – and always on a Thursday at 15:00.

Currently, the committee comprises of six people, with Lesetja Kganyago the governor of the SARB.

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Following the latest meeting in November, the repo rate dropped to 7.75% while the prime lending rate now stands at 11.25%.

The news came as an early Christmas present for those homeowners with monthly bond repayment commitments – and good news for those looking to enter the property market for the first time.

Homeowners will be eagerly expecting more cuts in 2025.

But which dates in your calendar should you circle for hopefully more good news?

Meeting month	Date
January	30 January
March	20 March
May	29 May
July	31 July
September	18 September
November	20 November

Monthly bond repayment table

The South African website’s table below compares the now old monthly bond repayments on various bond values over a 20-year period assuming no deposit and repayments at prime, to the new cost after the most recent 25 basis point cut – and the monthly saving that entails:

Bond	Old (11.5%)	New (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