SA Treasury says retail bonds selling like hotcakes
Sales of the RSA government retail bond have reached the R1,660-billion mark since it’s launch in May 2004, the Treasury said on Wednesday.
It said 18 674 people from all walks of life had made a total of 31 563 investments. December sales increased from R17-million to R35-million.
The Treasury determines the prevailing interest rates for the two-year, three-year and five-year RSA government retail bonds at the end of each month.
Interest rates in February 2006 for the two-year retail bond is 7,50% and is 7,75% for the three-year retail bond.
The interest rate for the five-year retail bond is 8%. These rates applied from February 1 until 28.
“The retail bond has attracted new as well as the smaller investors. About 53% of the total investors invested R20 000 and less,” the Treasury said in a statement. - Sapa