South Africa Treasury bills · auction of 2 August 2013
South Africa T-bill auction, 2 August 2013: 364-day at 5.45%, up 5 bps
At the Treasury bill auction dated 2 August 2013, the South African Reserve Bank cleared the 182-day bill at 5.26% (up 1 basis point) and the 364-day bill at 5.45% (up 5 basis points). The rate shown is the average rate at which bills are allotted in the weekly auction.
At 5.45%, the 364-day rate is the highest in the 43 auctions of the past year.
A year earlier the 364-day bill cleared at 4.90%, so the government is paying 55 basis points more than twelve months ago.
What this means for ZAR 100,000
Worked from the published rate · information, not advice
ZAR 5,450 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 105,450 after 12 months: ZAR 5,450 in interest before any withholding tax, about ZAR 454 a month.
That is ZAR 50 more than the same money would have earned at the previous auction.
For shorter money: ZAR 2,630 on the 182-day bill (6 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 |
|---|---|---|---|---|---|
| 182-day | 5.260% | 5.250% | — | — | — |
| 364-day | 5.450% | 5.400% | — | — | — |
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, 2 August 2013, compiled from the South African Reserve Bank. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/southafrica/2013-08-02
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