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South African Bonds Rally on Planned Buyback Programme

South African bonds rallied after the government unveiled plans to cut weekly fixed-rate bond auctions and launch a bond buyback programme. The rand was little changed after the announcement of two months of fuel-price relief.

By Staff WriterSouth African bonds rallied on Wednesday, 22 October 2026, after the government unveiled plans to cut weekly fixed-rate bond auctions and launch a bond buyback programme, while the rand was little changed following the announcement of two months of fuel-price relief.- The benchmark 2…