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The end of prime in South Africa | SA News

Staff Writer
 ·21 Jan 2026

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South African Reserve Bank Governor Lesetja Kganyago say he favours ending the use of prime, the main reference rate commercial banks use to price trillions of rand of loans to clients.

“We would like to have much more transparency, so that consumers know what is actually going on,” Kganyago said in an interview on Wednesday on NewzRoom Afrika from the World Economic Forum in Davos, Switzerland.

The central bank is undertaking a study to review the rate, and “the most…

Renewable Energy: The government is investing in renewable energy sources,
such as solar and wind, to reduce reliance on fossil fuels.

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