Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
South AfricaSouth Africa Prime Rate climbed to 10.75% in September 2026
FMPMonthlyReleased September 2026
South Africa Prime Rate climbed to 10.75% in September 2026, up 0.25% from August's 10.5% reading. The reading matched the 10.75% consensus. Prime Rate has now risen for 3 consecutive months. Prime Rate is now the highest in 16 months.
Latest Release
10.75
Actual
10.75
Consensus
10.5
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 | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.65 | FOREX | Moves with | → View |
| USD/ZAR | ▼ Inverse | −0.62 | FOREX | Moves against | → View |
| BTC/USD | ▲ Direct | +0.37 | CRYPTO | Moves with | → 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 10.75% in September 2026. This matched the market consensus of 10.75% exactly. The reading rose from the previous value of 10.5%. Trailing 12-month context per ETL data through September 2026.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 10.5%, up from the prior three at 10.33%.
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
The next release is scheduled for November 19, 2026. Same-country events in the next 14 days include Balance of Trade (Oct 30).
Auto-generated from current model state · Refreshes on each release · Last update September 2026.
SHARE
Prime Rate - ZA
Loading chart data...
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 (Sep 2026): actual 10.5 %, consensus 10.75 %. Prior reading (May 2026): 10.5 %. Before that (Mar 2026): 10.25 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with EUR/USD (Bullish EUR, r=0.65) — a useful reference for forex-focused traders.
Σ
EXPECTED ZONE
SIGMANOMICS MARKET FORECAST ENGINE
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
Expected Zones · Trade Bias · Confidence Intervals · API Access · 1,456+ instruments
FOREXCRYPTOSTOCKSCOMMODITIESINDICESAPI
BLSBEAFMPWORLD BANKFRED
1,456+ instruments247 indicators530+ correlationsREST + GQL API
4,151 economic indicators127 countries covered6 data sources
FREDBLSEIAECBBOJFMP
Economic Calendar - ZA Events
| Wednesday, October 21, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 08:00 | ZA | Inflation Rate MoM | 0.4 | 0 | 0.4 | 0.40 | Medium |
| 08:00 | ZA | Core Inflation Rate MoM | 0.2 | 0 | 0.2 | 0.20 | Low |
| 08:00 | ZA | Inflation Rate YoY | 4.5 | 4.4 | 4.7 | 4.60 | Medium |
| 08:00 | ZA | Core Inflation Rate YoY | 4 | 4.1 | 4.3 | 4.15 | Low |
| 11:00 | ZA | Retail Sales YoY | 3.3 | 3.4 | 3 | 3.15 | Low |
| 11:00 | ZA | Retail Sales MoM | -0.3 | 2.4 | -1.5 | -0.90 | Low |
| Thursday, October 22, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | ZA | Building Permits YoY | -4.3 | 4.1 | 3.2 | -1.33 | Low |