National Treasury director-general Dr Duncan Pieterse says there is strong interest from institutional investors to support government’s public investment ambitions, citing recent developments in relation to government’s issuance of infrastructure bonds. “Following the R11.8-billion raised in the debut issuance of the new infrastructure bond on 8 December 2025, we conducted our first auction tapping these instruments on the 8th of July. R5-billion was on offer, but total bids of R17.8-billion were received and we decided to allocate R4.4-billion,” Pieterse said at an Absa conference.

Infrastructure bonds tend to be popular with investors due to their tax-free status, making them a useful tool for the Treasury when it is looking to raise large sums from the…

National Treasury director-general Dr Duncan Pieterse says there is strong interest from institutional investors to support government’s public investment ambitions, citing recent…