At the Treasury bill auction dated 26 October 2026, the South African Reserve Bank cleared the 91-day bill at 7.16% (up 4 basis points), the 182-day bill at 7.40% (down 5 basis points) and the 364-day bill at 7.46% (down 4 basis points). 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 6.49% to 7.54%.
A year earlier the 364-day bill cleared at 6.93%, so the government is paying 53 basis points more than twelve months ago.
What this means for ZAR 100,000
Worked from the published rate · information, not advice
ZAR 7,460 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 107,460 after 12 months: ZAR 7,460 in interest before any withholding tax, about ZAR 622 a month.
That is ZAR 40 less than the same money would have earned at the previous auction.
For shorter money: ZAR 3,700 on the 182-day bill (6 months), ZAR 1,790 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 | 7.160% | 7.120% | — | — | — |
| 182-day | 7.400% | 7.450% | — | — | — |
| 364-day | 7.460% | 7.500% | — | — | — |
Source: South African Reserve Bank result · average rate at which bills are allotted in the weekly auction
Cite or reuse this data
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, 26 October 2026, compiled from the South African Reserve Bank. Retrieved 4 November 2026, from https://www.afronomicsfeed.com/markets/tbills/southafrica/2026-10-26
Free · a two-minute read before 07:30, every weekday
The Afronomics Morning
Today’s rates, currencies and auction results before the day starts: what the T-bill paid this week, what moved overnight, what is due today. Every figure from the source.
Free when you sign up: our guide to where your shilling earns most — T-bills, money market funds, SACCOs and banks, after tax.