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Declaration of 3 August 2016 as a public holiday in the Republic of South Africa
Published Date:
2016-06-17
Last Modified Date:
2020-10-08, 08:05 PM
Category:
Media > Media Releases
The President of the Republic of South Africa has declared Wednesday, 3 August 2016 as a public holiday.The South African Reserve Bank (SARB) supports the normal market practice of changing the value date for foreign exchange transactions maturing on 3 August 2016 to the next business day, 4 August 2016, with adjustments in the exchange rates.The SARB encourages authorised dealers in the foreign exchange market to enter into alternative bilateral arrangements with respect to such transactions.Regarding the domestic operations, the SARB would like to confirm that:· the Treasury bills that currently mature on Wednesday, 3 August 2016 will now mature on Thursday, 4 August 2016, without adjusting interest; · the weekly Treasury bill auction that will be conducted on Friday, 29 July 2016 will settle on Thursday, 4 August 2016; · the SARB debenture auction that would have been conducted on Wednesday, 3 August 2016 will be conducted on Tuesday, 2 August 2016; and · the weekly main refinancing auction that would have been conducted on Wednesday,3 August 2016 will be conducted for eight days, from Tuesday, 2 August 2016 to mature on Wednesday, 10 August 2016. No settlement will take place on Wednesday, 3 August 2016 via the South African Multiple Option Settlement (SAMOS) system