Public holidays and non-trading days in December 2011 and January 2012 1.1.        Participants are hereby informed that the South African Reserve Bank (Bank) will be closed for trading, trade reporting and settlement on the following official public holidays: ·        Friday, 16 December 2011;·        Monday, 26 December 2011;·        Tuesday, 27 December 2011, declared by the Acting President of the Republic of South Africa on 14 December 2011; and·        Monday, 2 January 2012. The Bank supports the normal practice of changing the value date for foreign-exchange forward transactions maturing on 27 December 2011 to the next business day, 28 December 2011, with adjustments in the exchange rates. Regarding the domestic market operations, the Bank, having consulted with relevant stakeholders, would like to advise that: ·     there are no transactions falling due on 27 December 2011; and·     the longer-term reverse repo auction, previously scheduled for Tuesday, 27 December 2011, will now be conducted on Friday, 23 December 2011. No settlement will take place on 27 December 2011 via the South African Multiple Option Settlement (SAMOS) system as announced in the operational notice released by the National Payment System Department. The Bank encourages authorised dealers in the foreign-exchange market as well as the domestic market to enter into alternative bilateral arrangements with respect to such transactions. 1.2.        The market will be open as normal for gold and foreign-exchange transactions on Friday, 23 and 30 December 2011. Domestic operations will be conducted as usual with the position window closing at 16:15 on both days. Please refer to the website:www.reservebank.co.zafor local money-market information.        Queries regarding the above may be directed to Callie Hugo at +2712 313 4755, Andries Tshishonga at +2712 313 4950 or Moliehi Macholo at +2712 313 4952. C J HugoDeputy Head: Financial Markets Department