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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
South AfricaSouth Africa Prime Rate held to 9.25% in March 2015
FMPMonthlyReleased March 2015
South Africa Prime Rate held to 9.25% in March 2015. The reading matched the 9.25% consensus.
Latest Release
9.25
Actual
9.25
Consensus
9.25
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.65 | FOREX | Bullish EUR | → View |
| USD/ZAR | ▼ Inverse | −0.62 | FOREX | Bearish USD | → View |
| BTC/USD | ▲ Direct | +0.37 | CRYPTO | Bullish BTC | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Prime Rate (South Africa) was reported at 10.5% in May 2026. The reading rose from the previous value of 10.25%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 10.38%, ranging from 10.25% to 10.5% across 6 releases.
WHY IT MATTERS
The trailing three releases averaged 10.33%, down from the prior three at 10.42%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with EUR/USD (Bullish EUR). A secondary relationship exists with USD/ZAR, negatively correlated (Bearish USD).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Balance of Trade (Jun 30).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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Prime Rate - ZA
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About Prime Rate — South Africa
DEFINITION
The Prime Rate is a key financial indicator used by banks to determine the interest rates they charge on loans and credit products. It is the lowest rate at which banks are willing to lend money to their most creditworthy customers, such as large corporations and government entities. The Prime Rate is influenced by various economic factors and is often used as a benchmark for other interest rates in the market. As such, it is an important indicator for businesses and consumers to monitor when making financial decisions.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2026): actual 10.5 %. Prior reading (Mar 2026): 10.25 %. Before that (Jan 2026): 10.25 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with EUR/USD (Bullish EUR, r=0.65) — a useful reference for forex-focused traders.