At a recent meeting of the Reserve Bank, it was confirmed that the current Repo Rate of 5.50% will remain as is. Therefore no change is required to the rate used to determine the fringe benefit value of low / interest free loans – i.e. the rate will still be 5.50 plus 1.00 being 6.50%.
![](https://hrtorque.co.za/wp-content/uploads/2021/05/hrt-title-img-150h.jpg)
Reserve Bank Repo Rate as at 2/4/2012
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