What is a Government Bond?
A government bond or sovereign bond is a form of bond issued by a government to support public spending. It generally includes a commitment to pay periodic interest, called coupon payments, and to repay the face value on the maturity date.
Where Can I Buy Government Bonds In South Africa?
electronically, via the internet, on the RSA Retail Savings Bonds website. at any branch of the South African Post Office.
Directly at the National Treasury – 240 Madiba Street, Cnr Thabo Sehume and Madiba Street, Pretoria, 0002. by telephone, directly to the National Treasury Helpline, on 012 315 5888.
Are South African government bonds a good investment?
Safety: RSA Retail Savings Bonds are considered a safe investment option, as they are backed by the government. This means the bonds are less likely to default, and your investment is secure.
Do you pay tax on government bonds in South Africa?
The provisions of the Income Tax Act, 1962 (Act 58 of 1962) regarding interest apply to all interest earned on RSA Retail Savings Bonds. As a general rule, investors treat interest received as ordinary revenue for purposes of income tax.