South Africa Treasury bills · auction of 24 June 2002
South Africa T-bill auction, 24 June 2002: 182-day at 11.54%, up 11 bps
At the Treasury bill auction dated 24 June 2002, the South African Reserve Bank cleared the 182-day bill at 11.54% (up 11 basis points). The rate shown is the average rate at which bills are allotted in the weekly auction.
At 11.54%, the 182-day rate is the highest in the 25 auctions of the past year.
What this means for ZAR 100,000
Worked from the published rate · information, not advice
ZAR 5,770 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 105,770 after 6 months: ZAR 5,770 in interest before any withholding tax, about ZAR 962 a month.
That is ZAR 55 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 |
|---|---|---|---|---|---|
| 182-day | 11.540% | 11.430% | — | — | — |
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, 24 June 2002, compiled from the South African Reserve Bank. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/southafrica/2002-06-24
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