During the month of September 2017, net domestic short-term loans increased by R16 463 million. Net domestic long-term loans inclusive of redemptions, repo transactions and switches, decreased by R3 064 million. The decline was mainly as a result of redemption on the R203 bond, which had a remaining outstanding amount of R21 250 million following switch operations.
The Republic of South Africa successfully placed US$2.5 billion in new notes maturing in 2027 (10-year) and 2047 (30-year) in the international capital markets; US$1 billion was allocated to the 10-year bond and US$1.5 billion to the 30-year bond. For more information please refer to the media statement published on the 20th of September 2017 which is available on the National Treasury’s website.
National Revenue Fund receipts of R1 313 million were recorded, mainly in respect of revaluation profits on foreign currency transactions, and premiums received on bond transactions.
Government’s cash balances increased by R42 146 million to R215 379 million. The South African Reserve Bank accounts, sterilisation and foreign currency deposits, amounted to R178 041 million. Cash balances with commercial banks amounted to R37 338 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 30 October 2017.
Enquiries:
Communications Unit
E-mail: media@treasury.gov.za
Tel: 012 315 5944
