Treasury launches Retail Savings Bonds Top-Up facility

The National Treasury on April 1 launched its Republic of South Africa (RSA) Retail Savings Bonds Top-Up facility, offering applicants and savings groups the ability to invest with an opening balance of R500 and top-ups of no less than R100.

Debt issuance and management director Terry Msomi says the RSA Savings Bonds Top-Up facility enables informal groups, like stokvels and other types of investment social clubs, to invest with no cost attached.