South Africa Treasury bills · auction of 5 September 2025
South Africa T-bill auction, 5 September 2025: 364-day at 7.04%, up 1 bps
At the Treasury bill auction dated 5 September 2025, the South African Reserve Bank cleared the 364-day bill at 7.04% (up 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 7.03% to 7.77%.
A year earlier the 364-day bill cleared at 7.66%, so the government is paying 62 basis points less than twelve months ago.
What this means for ZAR 100,000
Worked from the published rate · information, not advice
ZAR 7,040 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 107,040 after 12 months: ZAR 7,040 in interest before any withholding tax, about ZAR 587 a month.
That is ZAR 10 more 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 |
|---|---|---|---|---|---|
| 364-day | 7.040% | 7.030% | — | — | — |
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, 5 September 2025, compiled from the South African Reserve Bank. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/southafrica/2025-09-05
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