South Africa 10-Year Bond Yield Hover at 2021-Lows

2025-11-20 14:55 By Luisa Carvalho 1 min. read

South Africa’s 10-year government bond yield fell to 8.61%, hovering near the lowest since February 2021, after the South African Reserve Bank delivered a widely anticipated rate cut to 6.75%.

This decision was unanimous and follows Finance Minister Godongwana’s endorsement in the Medium-Term Budget Policy Statement of a lower 3% inflation target, giving political backing to the central bank’s July move to anchor price growth at that level.

With inflation expected to remain under control and the government demonstrating fiscal discipline, authorities now have greater flexibility to focus on measures that support economic growth and recovery.

Lower bond yields and a stronger currency reflect the country's positive momentum with renewed investor confidence in South Africa’s economic fundamentals.



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