The President of the Republic of South Africa has declared 7 May 2014 as a public holiday. The South African Reserve Bank (the Bank) supports the normal market practice of changing the value date for foreign-exchange forward transactions maturing on7 May 2014 to the next business day, 8 May 2014, with adjustments in the exchange rates. The Bank encourages authorised dealers in the foreign-exchange market to enter into alternative bilateral arrangements with respect to such transactions.Regarding the domestic market operations, the Bank, having consulted with relevant stakeholders, would like to confirm that:·       the Treasury bills that currently mature on Wednesday, 7 May 2014 will now mature on Thursday, 8 May 2014, without adjusting interest; ·        the weekly Treasury bill auction that will be conducted on Friday,2 May 2014 will settle on Thursday, 8 May 2014; ·        the Bank’s debenture auction that would have been conducted on Wednesday, 7 May 2014 will be conducted on Thursday, 8 May 2014. The tenures of the SARB debentures on auction will be 6 days, 13 days, 27 days and 55 days; and ·        the weekly main refinancing auction that would have been conducted on Wednesday, 7 May 2014 will be conducted on Tuesday, 6 May 2014 for8 days to mature on Wednesday, 14 May 2014.No settlement will take place on 7 May 2014 via the South African Multiple Option Settlement (SAMOS) system. Enquiries: Callie Hugo + 27 12 313 4755  Tom Khosa+27 12 313 4950 Issued by: Hlengani MathebulaHead: Group Strategy and CommunicationsTel: +27 12 313 4210Cell: +27 82 448 921​