REPUBLIC OF SOUTH AFRICA - Market making obligations by primary dealers in RSA government bonds during December 2025 and January 2026

Market making obligations by primary dealers in RSA government bonds during December 2025 and January 2026

REPUBLIC OF SOUTH AFRICA
Department of National Treasury
Issuer code: BIRSA
("National Treasury")


MARKET MAKING OBLIGATIONS BY PRIMARY DEALERS IN RSA GOVERNMENT BONDS DURING 
DECEMBER 2025 AND JANUARY 2026

The National Treasury would like to announce that from 17 December 2025 to 2 January 2026,
primary dealers are only obliged to quote:

•    a two-way price on RSA government bonds from 08h00 to 12h00 on the Over-the-Counter
     (OTC) market; and
•    a two-way price in the obligatory bonds, the R2030, R2035, R2037, R2040 and R2048 on
     the Electronic Trading Platform (ETP) for 2 hours between 08h30 and 12h00.

Normal obligations will resume from 5 January 2026.

For further enquiries contact:

Terry Bomela-Msomi
Director: Debt Issuance and Management
012 315 5753 / +27 66 289 2492


Pretoria
8 December 2025

Debt Sponsor
One Capital

Date: 08-12-2025 01:10:00
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