When referring to the official interest rate in South Africa, you would typically look to the South African Reserve Bank (SARB), which is the country’s central bank. The SARB sets the repo rate, which is the benchmark interest rate in South Africa.
The official interest rate can vary depending on the country or region you are referring to. In the context of SARS (South African Revenue Service), it is a tax authority in South Africa and not directly associated with setting interest rates. The repo rate in South Africa is 3.5%.
It’s essential to note that interest rates are subject to change over time as central banks regularly review and adjust them based on economic conditions, inflation targets, and other factors.
What is SARS interest rate on refunds?
How is SARS interest calculated?
SARS interest exemption
How interest is calculated on income tax?
How is interest calculated on self assessment tax?
How to calculate interest on late payment South Africa?
Top 15 Online Courses and Degrees to improve your employability
Technology and Computer Science Online Courses and Online degrees:
– Computer Science 101 Online Course from Stanford University through edX is a beginner-friendly course that introduces the core concepts of Computer Science, available for free with an option for certification for a fee.
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Business and Management: Online Courses and Online degrees
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These courses and degrees are designed to equip individuals with in-demand skills across various sectors, enhancing employability and providing valuable certifications. Whether interested in technology, data science, business, or other areas, these online resources offer flexible and comprehensive ways to learn and advance in your career.