During the month of December 2016, net domestic short-term loans decreased by R581 million. Net domestic long-term loans inclusive of redemptions and repo transactions increased by R8 382 million.
National Revenue Fund receipts of R76 million were recorded, mainly in respect of premium on debt portfolio restructuring and premiums received on bond transactions.
Government's cash balances increased by R32 768 million to R240 476 million. The South African Reserve Bank accounts, sterilisation and foreign currency deposits, amounted to R165 542 million. Cash balances with commercial banks amounted to R74 935 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 January 2017.
Released on 04 January 2017.
For more information contact Johan Redelinghuys/Wessel Moolman/Siyabonga Shange at National Treasury.
Telephone number: (012) 315 5297/5240/5753
Facsimile number: (012) 315 5810
PROVISIONAL FIGURES ON LOAN ISSUES, NATIONAL REVENUE FUND RECEIPTS/PAYMENTS AND CASH BALANCES: DECEMBER 2016Description | 2016/17 | |||||
Revised | October | November | December | Year to date | ||
estimate | ||||||
R'000 | R'000 | R'000 | R'000 | R'000 | ||
Loan issues (net) | 40,000,000 | 8,650,325 | 10,574,118 | (581,296) | 67,414,254 | |
Domestic short-term loans (net): | ||||||
Treasury bills: | 40,000,000 | 7,567,270 | 8,552,500 | 4,876,000 | 38,885,160 | |
91 days | 4,310,500 | 4,411,270 | 4,607,500 | 1,171,000 | 11,233,160 | |
182 days | 8,905,000 | 596,000 | 745,000 | 485,000 | 7,155,000 | |
273 days | 11,680,000 | 1,200,000 | 1,500,000 | 690,000 | 8,920,000 | |
364 days | 15,104,500 | 1,360,000 | 1,700,000 | 2,530,000 | 11,577,000 | |
Corporation for Public Deposits | - | 1,083,055 | 2,021,618 | (5,457,296) | 28,529,094 | |
Domestic long-term loans (net): | 116,266,000 | 13,399,088 | 13,554,450 | 8,381,964 | 103,947,128 | |
Loans issued for financing (net): | 116,984,000 | 13,399,088 | 13,554,450 | 8,419,638 | 104,786,901 | |
Loans issued (gross) | 185,681,000 | 14,507,041 | 14,814,685 | 9,741,891 | 141,419,553 | |
Discount | (11,681,000) | (822,274) | (946,315) | (1,166,451) | (9,892,412) | |
Redemptions: | (57,016,000) | - | - | - | (26,740,240) | |
Scheduled | (285,679) | (313,920) | (155,802) | |||
Buy-backs (excluding book profit) | - | - | - | - | - | |
Loans issued for switches (net): | (718,000) | - | - | (37,674) | (839,773) | |
Loans issued (gross) | - | - | - | 2,665,518 | 24,845,813 | |
Discount | - | - | - | (200,489) | (1,515,469) | |
Loans switched (excluding book profit) | - | - | - | (2,502,703) | (24,170,117) | |
Loans issued for repo's (net): | - | - | - | - | - | |
Repo out | - | 235,839 | 993,755 | 2,218,236 | 13,385,475 | |
Repo in | - | (235,839) | (993,755) | (2,218,236) | (13,385,475) | |
Foreign long-term loans (net): | 36,264,362 | 33,075,927 | (6,152) | - | 36,570,959 | |
Loans issued for financing (net): | 35,153,000 | 31,964,565 | (6,152) | - | 35,459,597 | |
Loans issued (gross) | 51,206,859 | 33,029,967 | - | - | 51,208,154 | |
Discount | (248,859) | - | - | - | (248,859) | |
Redemptions: | (7,262,352) | (634,113) | (1,940) | - | (7,151,073) | |
Scheduled | ||||||
Rand value at date of issue | ||||||
Revaluation | (8,542,648) | (431,289) | (4,212) | - | (8,348,625) | |
Loans issued for switches (net) | 1,111,362 | 1,111,362 | - | - | 1,111,362 | |
Loans issued (gross) | 10,239,632 | 10,239,632 | - | - | 10,239,632 | |
Discount | - | - | - | - | - | |
Loans switched (excluding book profit): | (4,874,745) | (4,912,807) | - | - | (4,912,807) | |
Rand value at date of issue | ||||||
Revaluation | (4,253,525) | (4,215,463) | - | - | (4,215,463) | |
Total | 192,530,362 | 55,125,340 | 24,122,416 | 7,800,668 | 207,932,341 | |
National Revenue Fund receipts/payments | 14,665,000 | 337,232 | 226,042 | 76,061 | 13,571,035 | |
Receipts: | ||||||
Penalties on retail bonds | 1,739 | 186 | 288 | - | 2,213 | |
Premiums on bond transactions | 2,752,807 | 158,991 | 98,979 | 43,071 | 2,062,797 | |
Premium on debt portfolio restructuring | 747,193 | - | - | 32,990 | 780,183 | |
Profit on script lending | 8,453 | - | 126,775 | - | 15,402 | |
Revaluation profits on foreign currency transactions | 11,154,808 | 178,055 | 10,710,440 | |||
Payments: | (1,221,393) | (989,959) | - | (28,673) | (1,250,066) | |
Losses on GFECRA | (187,198) | - | - | - | (187,198) | |
Premium on debt portfolio restructuring | (44,236) | - | - | (2,955) | (47,191) | |
Premiums on foreign debt portfolio restructuring | (989,959) | (989,959) | 226,042 | (25,718) | (989,959) | |
Revaluation losses on foreign currency transactions | - | (25,718) | ||||
Total | 13,443,607 | 47,388 | 12,320,969 | |||
(652,727) | ||||||
Change in cash balances 1) | 178,034,316 | 174,696,926 | 201,413,004 | 207,708,285 | 132,942,023 | |
Opening balance | ||||||
Reserve Bank accounts | 132,942,023 | 137,311,390 | 168,006,736 | 166,252,040 | 132,942,023 | |
Commercial Banks 2) | 45,092,293 | 37,385,536 | 33,406,268 | 41,456,245 | 240,476,438 | |
Closing balance: | 209,738,000 | 201,413,004 | 207,708,285 | 240,476,438 | ||
Reserve Bank accounts | 164,738,000 | 168,006,736 | 166,252,040 | 165,541,905 | 165,541,905 | |
Commercial Banks | 45,000,000 | 33,406,268 | 41,456,245 | 74,934,533 | 74,934,533 | |
Total 2) | (31,703,684) | (6,295,281) | (32,768,153) | (107,534,415) | ||
(26,716,078) | ||||||
Excludes surrenders, late requests and outstanding transfers from the Exchequer to the Paymaster-General Accounts.
A negative change indicates an increase in cash balances.
Department of National Treasury - Republic of South Africa published this content on 04 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 04 January 2017 13:07:07 UTC.
Original documenthttp://www.treasury.gov.za/comm_media/press/monthly/1701/mpff.pdf
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