South Africa Treasury bills · auction of 18 February 2005
South Africa T-bill auction, 18 February 2005: 91-day at 7.21%, down 4 bps
At the Treasury bill auction dated 18 February 2005, the South African Reserve Bank cleared the 91-day bill at 7.21% (down 4 basis points). The rate shown is the average rate at which bills are allotted in the weekly auction.
Over the past year the 91-day rate has ranged from 7.10% to 7.91%.
A year earlier the 91-day bill cleared at 7.48%, so the government is paying 27 basis points less than twelve months ago.
What this means for ZAR 100,000
Worked from the published rate · information, not advice
ZAR 1,803 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 101,803 after 3 months: ZAR 1,803 in interest before any withholding tax, about ZAR 601 a month.
That is ZAR 10 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 |
|---|---|---|---|---|---|
| 91-day | 7.210% | 7.250% | — | — | — |
Source: South African Reserve Bank result · average rate at which bills are allotted in the weekly auction
Cite or reuse this data
Free to quote, chart and republish with the credit “Source: Afronomics, compiled from the South African Reserve Bank” and a link to this page.
Afronomics (2026). South Africa Treasury bill auction, 18 February 2005, compiled from the South African Reserve Bank. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/southafrica/2005-02-18
Free, every weekday at 7:00
The Afronomics Morning
Africa’s markets before 7am: the currencies that moved overnight, the auction results that landed, what is due today and the headlines that matter. Plus the Weekly every Monday.