Republic of South Africa
1 April 2009
The President of the Republic of South Africa has declared the 22 April 2009
as a public holiday.
The South African Reserve Bank (SARB) supports the normal market practice of
changing the value date for foreign exchange forward transactions maturing on
22 April 2009 to the next business day, 23 April 2009, without adjusting the
exchange rates.
The SARB, however, acknowledges that authorised dealers in the foreign
exchange markets may enter into alternative bilateral arrangements with respect
to such transactions.
Regarding the domestic market operations, the SARB, having consulted with
relevant stakeholders, would like to confirm that:
* the Treasury bills that would mature on Wednesday, 22 April 2009, will
mature on Thursday, 23 April 2009, without adjusting interest
* the weekly Treasury bill auction that will be conducted on Friday, 17
April 2009 will settle on Thursday, 23 April 2009, i.e. on a T + 3 basis
* the weekly main refinancing auction conducted on Wednesday, 15 April 2009,
will be for eight days to mature on Thursday, 23 April 2009
* the weekly main refinancing auction that will be conducted on Thursday, 23
April 2009, will be for 6 days to mature on Wednesday, 29 April 2009.
Enquiries:
Mzi Njamela
Tel: 012 313 3972
E-mail: mzi.njamela@resbank.co.za
Tom Khosa
Tel: 012 313 4950
E-mail: tom.khosa@resbank.co.za
Issued by: South African Reserve Bank
1 April 2009
Source: South African Reserve Bank (http://www.reservebank.co.za/)
