National Treasury aims to boost retail bond sales to 30 billion rand annually, up from current 3 billion rand yearly, to reduce reliance on institutional investors and lower borrowing costs. Duncan Pieterse, Director-General of South Africa’s National Treasury, emphasized the need to tap into the retail market’s untapped potential, citing the opportunity to compress yields and decrease interest rates. The move aligns with the country’s borrowing plans, which are projected to decline to 380 billion rand by 2026-27 from 563 billion rand this year.