How does money market work in South Africa? Participants in the money market are the Reserve Bank, the commercial banks, big companies and large institutions like Eskom and Transnet. Unlike money invested with banks there is no “fixed” yield. Instead the yield moves up and down in accordance with the interest earned on the investments in the money market fund. South Africa – Money Market Rate South Africa: Money Market Rate Mnemonic IRMM.IZAF Unit % p.a., NSA Adjustments Not Seasonally Adjusted Monthly Data Sep 2023 8.19 Aug 2023 8.2 Series Information Source International Monetary Fund (IMF) Release International Financial Statistics (IFS) Frequency Weekly Monday Start Date 1/31/1960 End Date 9/30/2023 South Africa: Markets Reference Last Previous Units Frequency Money Market Rate Sep 2023 8.19 8.2 % p.a., NSA Monthly Treasury Bills (over 31 days) Sep 2023 8.33 8.44 % p.a., NSA Monthly Stock Market Index 26 Jun 2018 55,254 55,889 Index, NSA Business Daily Lending Rate Jun 2017 7 7 % – End of period Monthly Average Long-term Government Bond May 2017 9.09 8.82 % Monthly Release Information Descriptn First published in January 1948, International Financial Statistics (IFS) has become the International Monetary Fund’s principal statistical publication. Acknowledged as a standard source of statistics on all aspects of international and domestic finance, IFS publishes, for most countries of the world, current data on exchange rates, international liquidity, international banking, money and banking interest rates, prices, production, international transactions (including balance of payments and international investment position), government finance, national accounts and population. Properties Measurements: Unitary count (#) IMF SDRs (XDR) U.S. dollars at current prices (USD) Euros at chained year-2010 prices (Ch. 2010 EUR) At current prices (EUR) Exchange rate (AAA per BBB) Percent per annum (% p.a.) Index relative to 1990 Index relative to 2010 Percent change year-over-year (% Y/Y) Adjustments: Seasonally adjusted (SA) Not seasonally adjusted (NSA) Native frequencies: Monthly Quarterly Annual Start date: As early as 1929 Geo coverage: 211 individual countries (I^^^) 14 country-aggregates (I^^^^) 4 other All concept-geo pairs exist: No Methodology The International Financial Statistics is based on various IMF data collections. The data for the 10-year rate refers to the par yield rates. “Long term (in most cases 10 year) government bonds are the instrument whose yield is used as the representative “interest rate” for this area. Generally the yield is calculated at the pre-tax level and before deductions for brokerage costs and commissions and is derived from the relationship between the present market value of the bond and that at maturity, taking into account also interest payments paid through to maturity.” Timeliness The IMF updates the IFS database each Monday (excluding holidays).