South Africa Treasury bills · auction of 19 October 2007
South Africa T-bill auction, 19 October 2007: 91-day at 9.96%, up 7 bps
At the Treasury bill auction dated 19 October 2007, the South African Reserve Bank cleared the 91-day bill at 9.96% (up 7 basis points) and the 182-day bill at 9.93% (up 1 basis point). The rate shown is the average rate at which bills are allotted in the weekly auction.
At 9.96%, the 91-day rate is the highest in the 48 auctions of the past year.
A year earlier the 91-day bill cleared at 8.26%, so the government is paying 170 basis points more than twelve months ago.
What this means for ZAR 100,000
Worked from the published rate · information, not advice
ZAR 4,965 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 104,965 after 6 months: ZAR 4,965 in interest before any withholding tax, about ZAR 828 a month.
That is ZAR 5 more than the same money would have earned at the previous auction.
For shorter money: ZAR 2,490 on the 91-day bill (3 months).
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 | 9.960% | 9.890% | — | — | — |
| 182-day | 9.930% | 9.920% | — | — | — |
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, 19 October 2007, compiled from the South African Reserve Bank. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/southafrica/2007-10-19
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