South Africa Treasury bills · auction of 31 May 2002
South Africa T-bill auction, 31 May 2002: 91-day at 11.39%, up 1 bps
At the Treasury bill auction dated 31 May 2002, the South African Reserve Bank cleared the 91-day bill at 11.39% (up 1 basis point). The rate shown is the average rate at which bills are allotted in the weekly auction.
At 11.39%, the 91-day rate is the highest in the 49 auctions of the past year.
A year earlier the 91-day bill cleared at 10.36%, so the government is paying 103 basis points more than twelve months ago.
What this means for ZAR 100,000
Worked from the published rate · information, not advice
ZAR 2,848 in 3 months on the 91-day bill
Put ZAR 100,000 into the 91-day bill at this auction and you get back ZAR 102,848 after 3 months: ZAR 2,848 in interest before any withholding tax, about ZAR 949 a month.
That is ZAR 2 more than the same money would have earned at the previous auction.
The government pays the full amount at maturity; the risk is South Africa’s government not paying, and the money is locked until then.
Results
By tenor
| Tenor | Rate | Previous | Offered | Bids | Accepted |
|---|---|---|---|---|---|
| 91-day | 11.390% | 11.380% | — | — | — |
Source: South African Reserve Bank result · average rate at which bills are allotted in the weekly auction
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Afronomics (2026). South Africa Treasury bill auction, 31 May 2002, compiled from the South African Reserve Bank. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/southafrica/2002-05-31
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