REPUBLIC OF SOUTH AFRICA - Increase in inflation-linked bond auction levels

Increase in inflation-linked bond auction levels

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




                         SENS ANNOUNCEMENT


INCREASE IN INFLATION-LINKED BOND AUCTION LEVELS


Inflation-linked bond (ILB) auctions have underperformed during the current fiscal year as
a result of ILB yields trading considerably higher than what had been budgeted for, as
such are bringing in less cash than what had been initially anticipated. In response to
this, the National Treasury hereby announces that the weekly auction levels will be
increased by R150 million to R800 million from the current R650 million to cover for the
shortfall.

The increase will be effective from the auction to be held on 1st September 2017.



For further enquiries contact:



S Mpakama
Director: Debt Issuance and Management
012 315 5317

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