During the month of September 2011, net domestic short-term loans decreased by R647 million. Domestic long-term loans increased by R12 190 million, inclusive of the net of redemptions, switch and repo transactions. Due to redemptions on arms procurement loan agreements, net foreign loans decreased by R21 million.
Extraordinary receipts of R713 million were recorded mainly in respect of premiums received on loans issued and debt restructuring transactions, whereas extraordinary payments recorded due to revaluation losses on foreign currency transactions amounted to R1 million.
Government’s cash balances decreased by R4 869 million to R151 520 million. The South African Reserve Bank accounts, mainly sterilisation and foreign currency deposits, amounted to R124 709 million. Cash balances with commercial banks amounted to R26 810 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 28 October 2011.
Provisional figures on loan issues, extraordinary payments/receipts and cash balances
