South Africa Treasury bills · auction of 14 June 2013
South Africa T-bill auction, 14 June 2013: 364-day at 5.39%, up 6 bps
At the Treasury bill auction dated 14 June 2013, the South African Reserve Bank cleared the 91-day bill at 5.14% (up 4 basis points), the 182-day bill at 5.17% (down 2 basis points) and the 364-day bill at 5.39% (up 6 basis points). The rate shown is the average rate at which bills are allotted in the weekly auction.
At 5.39%, the 364-day rate is the highest in the 44 auctions of the past year.
A year earlier the 364-day bill cleared at 5.42%, so the government is paying 3 basis points less than twelve months ago.
What this means for ZAR 100,000
Worked from the published rate · information, not advice
ZAR 5,390 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 105,390 after 12 months: ZAR 5,390 in interest before any withholding tax, about ZAR 449 a month.
That is ZAR 60 more than the same money would have earned at the previous auction.
For shorter money: ZAR 2,585 on the 182-day bill (6 months), ZAR 1,285 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 | 5.140% | 5.100% | — | — | — |
| 182-day | 5.170% | 5.190% | — | — | — |
| 364-day | 5.390% | 5.330% | — | — | — |
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, 14 June 2013, compiled from the South African Reserve Bank. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/southafrica/2013-06-14
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