The government’s five-year borrowing costs now exceed those of the nation’s banks despite the latter facing the deepest economic decline in decades and that they rely on the government as a lender of last resort in times of crisis.

The yield curve of SA’s sovereign bond market shows that five-year government yields are hovering at about 6.25%, more than 50 basis points higher than five-year borrowing costs for local banks...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now