South Africa Treasury bills · auction of 20 April 2012
South Africa T-bill auction, 20 April 2012: 364-day at 5.67%, down 1 bps
At the Treasury bill auction dated 20 April 2012, the South African Reserve Bank cleared the 364-day bill at 5.67% (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 364-day rate has ranged from 5.44% to 5.81%.
A year earlier the 364-day bill cleared at 5.73%, so the government is paying 6 basis points less than twelve months ago.
What this means for ZAR 100,000
Worked from the published rate · information, not advice
ZAR 5,670 in 12 months on the 364-day bill
Put ZAR 100,000 into the 364-day bill at this auction and you get back ZAR 105,670 after 12 months: ZAR 5,670 in interest before any withholding tax, about ZAR 473 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 |
|---|---|---|---|---|---|
| 364-day | 5.670% | 5.680% | — | — | — |
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, 20 April 2012, compiled from the South African Reserve Bank. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/southafrica/2012-04-20
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