MPC insights

The latest news and views from South Africa's Monetary Policy Committee

The MPC or Monetary Policy Committee is a five-member committee of the South African Reserve Bank (SARB) entrusted with steering monetary policy in line with the bank’s inflation targets and framework.

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6.75%

Current rep rate as of March 2026 MPC

When are the other 2026 MPC meetings?

28 May

23 July

23 September

19 November

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Investec insights on MPC

MPC FAQs

What is the MPC?

The MPC or Monetary Policy Committee is a five-member committee of the SARB entrusted with steering monetary policy in line with the bank’s inflation targets and framework.

The current members of the MPC are:

Mr Lesetja Kganyago, Governor
Ms Nomfundo Tshazibana, Deputy Governor
Dr Mampho Modise, Deputy Govenor
Dr Rashad Cassim, Deputy Governor
Dr Christopher Loewald, Head: Economic Research Department
Dr David Fowkes, Advisor to the Govenors

How often are MPC meetings?

MPC meetings are held throughout the year, with MPC announcements on South Africa’s repo rate presented six time a year.

When is the next MPC meeting in South Africa?

The next MPC meeting in South Africa will be held on 21 November 2024.

MPC insights

The latest news and views from South Africa's Monetary Policy Committee

Thank you

We look forward to sharing out of the ordinary insights with you

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Investec insights on MPC

MPC FAQs

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