Mortgage Rates 2024 Today South Africa. Increased to 5.50% and september 2022 to 6.25%, maintaining a stable market where buyer demand and affordability were still relatively aligned. As of september 2024, the interest rate remains unchanged at 11.75%.
In july 2022, the prime interest rate was raised to 9%, which is an increase of 0.75% from the previous 8.25%. Full analysis of south africa’s property market.