Sars Official Interest Rate 2024. Information is recorded from current tax year to oldest, e.g. Interest rate in south africa averaged 11.84 percent from 1998 until 2024, reaching an all time high of 23.99 percent in june of 1998 and a record low of 3.50 percent in july of 2020.
The official interest rate is linked to the repurchase rate plus 1% and is published on the sars website. The “official rate of interest” is defined as:
Sars Official Interest Rate 2024 Images References :