During the month of December 2015, net domestic short-term loans decreased by R3 308 million. Net domestic long-term loans inclusive of redemptions and repo transactions increased by R9 593 million.
National Revenue Fund receipts of R2 197 million were recorded, mainly in respect of premiums received on bond transactions and revaluation profits on foreign currency transactions.
Government's cash balances increased by R35 965 million to R183 298 million. The South African Reserve Bank accounts, sterilisation and foreign currency deposits, amounted to R124 516 million. Cash balances with commercial banks amounted to R58 782 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 29 January 2016.
Released on 5 January 2015.
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
Description | 2015/16 | ||||
Revised | October | November | December | Year to date | |
estimate | |||||
R'000 | R'000 | R'000 | R'000 | R'000 | |
Loan issues (net) | 13,000,000 | 1,925,431 | (1,311,692) | (3,308,474) | 29,431,979 |
Domestic short-term loans (net): | |||||
Treasury bills: | 12,325,000 | 1,396,560 | 1,042,850 | (140,500) | 4,618,350 |
91 days | - | 516,560 | (2,150) | (860,500) | (852,650) |
182 days | 1,880,000 | - | - | 1,945,000 | (344,000) |
273 days | 4,510,000 | 440,000 | 440,000 | (890,000) | 2,630,000 |
364 days | 5,935,000 | 440,000 | 605,000 | (335,000) | 3,185,000 |
Corporation for Public Deposits | 675,000 | 528,871 | (2,354,542) | (3,167,974) | 24,813,629 |
Domestic long-term loans (net): | 144,944,000 | 16,535,320 | 14,989,847 | 9,520,750 | 105,322,014 |
Loans issued for financing (net): | 147,423,000 | 17,603,301 | 14,989,847 | 9,520,750 | 107,801,095 |
Loans issued (gross) | 179,455,000 | 18,341,809 | 16,080,378 | 10,630,077 | 139,538,169 |
Discount | (4,476,000) | (374,485) | (802,477) | (878,896) | (4,174,536) |
Redemptions: | (27,556,000) | (364,023) | (288,054) | (230,431) | (27,562,538) |
Scheduled | |||||
Buy-backs (excluding book profit) | - | - | - | - | - |
Loans issued for switches (net): | (2,479,000) | (1,067,981) | - | - | (2,479,081) |
Loans issued (gross) | - | 14,047,650 | - | - | 53,263,859 |
Discount | - | (254,965) | - | - | (1,031,087) |
Loans switched (excluding book profit) | - | (14,860,666) | - | - | (54,711,853) |
Loans issued for repo's (net): | - | - | - | - | - |
Repo out | - | 311,486 | 730,009 | 71,808 | 10,222,945 |
Repo in | - | (311,486) | (730,009) | (71,808) | (10,222,945) |
Foreign long-term loans (net): | 9,464,000 | (1,501,982) | (5,446) | - | (3,354,601) |
Loans issued for financing (net): | 9,464,000 | (1,501,982) | (5,446) | - | (3,354,601) |
Loans issued (gross) | 13,110,000 | - | - | - | - |
Discount | - | - | - | - | - |
Redemptions: | (2,346,000) | (889,105) | (1,940) | - | (2,120,906) |
Scheduled | |||||
Rand value at date of issue | |||||
Revaluation | (1,300,000) | (612,877) | (3,506) | - | (1,233,695) |
Total | 167,408,000 | 16,958,769 | 13,672,709 | 6,212,276 | 131,399,392 |
National Revenue Fund receipts/payments | 8,167,034 | 2,473,827 | 1,236,210 | 2,197,374 | 10,345,647 |
Receipts: | |||||
Penalties on retail bonds | 1,555 | 193 | 324 | 182 | 2,254 |
Premiums on bond transactions | 3,000,000 | 258,572 | 320,911 | 194,235 | 2,334,415 |
Premium on debt portfolio restructuring | 2,564,903 | 1,132,225 | - | - | 2,564,903 |
Revaluation profits on foreign currency transactions | 2,600,000 | 1,082,837 | 914,975 | 2,002,957 | 5,443,499 |
Profit on script lending | 576 | - | - | - | 576 |
Payments: | (681,654) | (169,230) | - | - | (681,654) |
Losses on GFECRA | (152,823) | - | - | - | (152,823) |
Premium on debt portfolio restructuring | (528,831) | (169,230) | - | - | (528,831) |
Total | 7,485,380 | 2,304,597 | 1,236,210 | 2,197,374 | 9,663,993 |
Change in cash balances 1) | 189,731,917 | 167,159,384 | 156,544,228 | 147,332,589 | 189,731,917 |
Opening balance | |||||
Reserve Bank accounts | 136,584,817 | 128,581,218 | 127,197,069 | 126,193,851 | 136,584,817 |
Commercial Banks 2) | 53,147,100 | 38,578,166 | 29,347,159 | 21,138,738 | 53,147,100 |
Closing balance: | 189,447,000 | 156,544,228 | 147,332,589 | 183,297,843 | 183,297,843 |
Reserve Bank accounts | 134,447,000 | 127,197,069 | 126,193,851 | 124,515,721 | 124,515,721 |
Commercial Banks | 55,000,000 | 29,347,159 | 21,138,738 | 58,782,122 | 58,782,122 |
Total 3) | 284,917 | 10,615,156 | 9,211,639 | (35,965,254) | 6,434,074 |
Excludes surrenders, late requests and outstanding transfers from the Exchequer to the Paymaster-General Accounts.
The opening balance for 1 April 2015 excludes an amount of R3.8 billion of tax revenue received in the account of the South African Revenue Services but not yet rolled-up into the tax and loan accounts.
A negative change indicates an increase in cash balances.
Department of National Treasury - Republic of South Africa issued this content on 2016-01-05 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-05 16:44:30 UTC
Original Document: http://www.treasury.gov.za/comm_media/press/monthly/1601/mpff.pdf
