REPUBLIC OF SOUTH AFRICA - National Treasury's reduction on non-competitive auction levels post tabling the Budget 2021

National Treasury's reduction on non-competitive  auction levels post tabling the Budget 2021

 Department of National Treasury
 REPUBLIC OF SOUTH AFRICA
 Private Bag X115, Pretoria, 0001. Tel: (+27 12) 315 5944. Fax: (+27 12) 407 9055




 SENS ANNOUNCEMENT



REDUCTION OF WEEKLY NON - COMPETITIVE AUCTION LEVELS



The Minister of Finance tabled the budget on the 24th of February 2021. Among the highlights was better
than expected revenue collection compared to MTBPS 2020 projections and as a result increased
government’s cash balances. The higher cash balances and lower borrowing requirement will be utilised to
reduce our borrowing in treasury bills and domestic long-term loans.

National Treasury would therefore like to announce a decrease on the non-competitive auction levels from
100 per cent to 50 per cent, effective 09 March 2021. The total available non-comps will be split between
the Electronic Trading Platform and primary market auction participation at 60 per cent and 40 per cent,
respectively.

Government’s fixed-rate and inflation-linked bond auction levels will remain unchanged at R6.6 billion and
R2.0 billion per week, respectively. The new auction levels for 2021/22 will be announced prior to the first
auction of the coming financial year.

For further enquiries contact:


Terry Bomela-Msomi
Acting Director: Debt Issuance and Management
Terry.Msomi@treasury.gov.za
+27 66 289 2492
Date: 02 March 2021

Date: 02-03-2021 02:01:00
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