South Africa Treasury bills · auction of 27 August 2024
South Africa T-bill auction, 27 August 2024: 182-day at 8.06%, down 1 bps
At the Treasury bill auction dated 27 August 2024, the South African Reserve Bank cleared the 182-day bill at 8.06% (down 1 basis point). The rate shown is the average rate at which bills are allotted in the weekly auction.
At 8.06%, the 182-day rate is the lowest in the 55 auctions of the past year.
A year earlier the 182-day bill cleared at 8.45%, so the government is paying 39 basis points less than twelve months ago.
What this means for ZAR 100,000
Worked from the published rate · information, not advice
ZAR 4,030 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 104,030 after 6 months: ZAR 4,030 in interest before any withholding tax, about ZAR 672 a month.
That is ZAR 5 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 |
|---|---|---|---|---|---|
| 182-day | 8.060% | 8.070% | — | — | — |
Source: South African Reserve Bank result · average rate at which bills are allotted in the weekly auction
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Free to quote, chart and republish with the credit “Source: Afronomics, compiled from the South African Reserve Bank” and a link to this page.
Afronomics (2026). South Africa Treasury bill auction, 27 August 2024, compiled from the South African Reserve Bank. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/southafrica/2024-08-27
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