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This would make the SPR the reference rate for PLR-linked financial contracts, ensuring a clearer link between monetary policy and lending rates, and improving public understanding of loan pricing mechanisms.
These circulars primarily address increased new limits for cross-border payments and investments by individuals in South Africa, as well as the streamlining of certain administrative processes.
The draft circulars can be accessed here.
The closing date for the comments is 17 March 2026.
