The SA Reserve Bank recently increased the repo rate to 5.75% effective 1st August 2014 (up from 5.5%) which means that the rate to be levied by employers on low or interest free loans provided to employees for Fringe Benefit calculation purposes will be 6.75%.
![](https://hrtorque.co.za/wp-content/uploads/2021/05/hrt-title-img-150h.jpg)
Official Rate of Interest Increased
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