ZA Legislation - Official Rate Of Interest - For Covid-19
(Doc ID 2651978.1)
Last updated on MARCH 24, 2020
Applies to:Oracle HRMS (South Africa) - Version 12.1 HRMS RUP12 to 12.2 HRMS RUP13 [Release 12.1 to 12.2]
Information in this document applies to any platform.
Due to the Corona Virus pandemic and the impact on the economy, the South African Reserve Bank has announced, a 1% drop in the repo rate
The official rate of interest amendment is effective 1 April 2020.
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