South Africa Treasury bills · auction of 7 June 2002
South Africa T-bill auction, 7 June 2002: 182-day at 11.35%, down 1 bps
At the Treasury bill auction dated 7 June 2002, the South African Reserve Bank cleared the 182-day bill at 11.35% (down 1 basis point). The rate shown is the average rate at which bills are allotted in the weekly auction.
Over the past year the 182-day rate has ranged from 9.43% to 11.36%.
What this means for ZAR 100,000
Worked from the published rate · information, not advice
ZAR 5,675 in 6 months on the 182-day bill
Put ZAR 100,000 into the 182-day bill at this auction and you get back ZAR 105,675 after 6 months: ZAR 5,675 in interest before any withholding tax, about ZAR 946 a month.
That is ZAR 5 less 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 |
|---|---|---|---|---|---|
| 182-day | 11.350% | 11.360% | — | — | — |
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, 7 June 2002, compiled from the South African Reserve Bank. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/southafrica/2002-06-07
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