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The Johannesburg Interbank Average Rate [1] ( JIBAR) is the money market rate, used in South Africa. It is calculated as the average interest rate at which banks buy and sell money. This rate is calculated daily by the South African Futures Exchange as the average prime lending rate quoted independently by a number of different banks.
The long-term potential growth rate of South Africa under the current policy environment has been estimated at 3.5%. [49] Per capita GDP growth has proved mediocre, though improving, growing by 1.6% a year from 1994 to 2009, and by 2.2% over the 2000–09 decade, [50] compared to world growth of 3.1% over the same period.
Bank Indonesia. Retrieved 4 May 2024. ^ "Policy Rates". Central Bank of the Islamic Republic of Iran. Retrieved 20 July 2024. ^ "The Monetary Committee decides on January 1, 2024 to reduce the interest rate by 0.25% to 4.5%". Bank of Israel. 1 January 2024.
This rate is revised periodically. However, there is no predetermined schedule. The repo rates are changed reactively depending on the economy. As in other countries, repo rates affect the money flow into the nation's economy and affect the inflation and commercial banks' lending or interest rate. As of May 2020, the Bank Rate is 4.65%. [10]
Demographics of South Africa. According to the 2022 census, the population of South Africa is about 62 million people of diverse origins, cultures, languages, and religions. [ 1] The South African National Census of 2022 was the most recent census held; the next will be in 2032. [ 4]
The South African rand, or simply the rand, ( sign: R; code: ZAR[ a]) is the official currency of South Africa. It is subdivided into 100 cents (sign: "c"), and a comma separates the rand and cents.
Current events; Random article; About Wikipedia; Contact us; Donate; Contribute ... South Africa (average) 0.713: 4 Free State: 0.712 5 KwaZulu-Natal: 0.710 6 ...
Website. resbank.co.za. The South African Reserve Bank ( SARB) is the central bank of South Africa. It was established in 1921 after Parliament passed an act, the "Currency and Bank Act of 10 August 1920", as a direct result of the abnormal monetary and financial conditions which World War I had brought. The SARB was only the fourth central ...