
SARB moves to scrap prime rate as loan reference benchmark
The central bank’s consultation paper outlines a structured transition to policy-rate-based lending, with fallback protections for legacy contracts.

The central bank’s consultation paper outlines a structured transition to policy-rate-based lending, with fallback protections for legacy contracts.

The exemption waives the requirement for known-in-advance rates, letting money market portfolios invest in Zaronia-linked overnight placements.