South Africa Treasury bills · auction of 7 May 2025
South Africa T-bill auction, 7 May 2025: 182-day at 7.59%, down 1 bps
At the Treasury bill auction dated 7 May 2025, the South African Reserve Bank cleared the 182-day bill at 7.59% (down 1 basis point). The rate shown is the average rate at which bills are allotted in the weekly auction.
At 7.59%, the 182-day rate is the lowest in the 63 auctions of the past year.
A year earlier the 182-day bill cleared at 8.57%, so the government is paying 98 basis points less than twelve months ago.
What this means for ZAR 100,000
Worked from the published rate · information, not advice
ZAR 3,795 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 103,795 after 6 months: ZAR 3,795 in interest before any withholding tax, about ZAR 632 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 | 7.590% | 7.600% | — | — | — |
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, 7 May 2025, compiled from the South African Reserve Bank. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/southafrica/2025-05-07
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