South Africa Treasury bills · auction of 10 April 2015
South Africa T-bill auction, 10 April 2015: 364-day at 5.83%, down 1 bps
At the Treasury bill auction dated 10 April 2015, the South African Reserve Bank cleared the 91-day bill at 5.80% (down 1 basis point) and the 364-day bill at 5.83% (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 5.79% to 6.32%.
A year earlier the 364-day bill cleared at 6.18%, so the government is paying 35 basis points less than twelve months ago.
What this means for ZAR 100,000
Worked from the published rate · information, not advice
ZAR 5,830 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 105,830 after 12 months: ZAR 5,830 in interest before any withholding tax, about ZAR 486 a month.
That is ZAR 10 less than the same money would have earned at the previous auction.
For shorter money: ZAR 1,450 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 | 5.800% | 5.810% | — | — | — |
| 364-day | 5.830% | 5.840% | — | — | — |
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, 10 April 2015, compiled from the South African Reserve Bank. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/southafrica/2015-04-10
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