The Treasury will lift the value of bonds sold in its weekly auction by R1.57bn, an increase of more than a third, with effect from May 19, to finance the budget deficit.

The weekly fixed-rate government bond auction amount will be R6.1bn with effect from May 19, a 34% increase. The weekly inflation-linked government bond auction amount will increase by R360m to R1.4bn with effect from May 15...

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