During September 2013, net domestic short-term loans decreased by R5 864 million. Net domestic long-term loans, inclusive of redemptions, switches and repo transactions, increased by R15 783 million.
Net foreign loans increased by R19 593 million due to an issuance of a US$ 2 billion 12 year global bond in the international capital market.
Extraordinary receipts of R587 million were recorded mainly in respect of premiums received on bond transactions and revaluation profits on foreign currency deposits. Extraordinary payments of R64 million were recorded mainly in respect of premiums on debt portfolio restructuring.
Government’s cash balances increased by R20 801 million to R162 504 million. The South African Reserve Bank accounts, mainly sterilisation and foreign currency deposits, amounted to R131 330 million. Cash balances with commercial banks amounted to R31 174 million.
More detailed information on the provisional figures will be included in the monthly statements of the National Revenue, Expenditure and Borrowing, which will be released on 31 October 2013.
For more information contact:
Johan Redelinghuys/Wessel Moolman/Siyabonga Shange at National Treasury
Tel: 012 315 5297/5240/5753
Fax: 012 315 5810
