SA's treasury piles R189bn

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The R30 billion increase in the South African government's cash balance in December 2011 to a record R189.4 billion underlines the healthy state of the Treasury's balance sheet in contrast to the poor state of most developed countries Treasuries.

The South African Reserve Bank accounts, mainly sterilisation and foreign currency deposits, amounted to R121.2 billion. Cash balances with commercial banks amounted to R68.1 billion.

Net domestic short-term loans increased by R101 million to R33.7 billion, while domestic bonds, net of redemptions, increased by R8.7 billion to a fiscal-year-to-date total of R101 billion.

Net foreign loans increased by R32 million due to a R113 million drawdown and redemptions of R81 million on arms procurement loan agreements.

Extraordinary receipts of R288 million were recorded mainly in respect of premiums on loans issued and revaluation profits on foreign currency transactions.

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 January 30 2012.

 


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