South Africa ups weekly debt auctions by $109 million to cover COVID-19 stimulus

May 11, 2020 - Johannesburg, South Africa, Africa - South Africa will increase the amount of debt on sale at its weekly auctions by nearly 2 billion rand ($109 million) to cover a budget deficit set increase sharply due to the coronavirus stimulus package announced by President Cyril Ramaphosa. In a market announcement published on Friday on Johannesburg Stock Exchange the National Treasury said it would increase the amount on offer at weekly government bond auctions by a combined 1.93 billion rand as part of plans it outlined in its February budget.
​