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Johannesburg - South Africa's government recorded a
cash flow surplus of R3.211bn in the third month of the fiscal year with the standout feature being an extraordinary receipt from Telkom's sale of
a 15% share in Vodacom to Vodafone.
The data released by the Treasury shows that during June, domestic short-term
loans increased by R10.810bn, while domestic long-term loans lifted R7.231bn. Foreign long-term loans decreased by R80m.
A surplus in the cash balances of R17.231bn was recorded.
Extraordinary payments of R20.3m were made in respect of losses
on conversion of foreign currency transactions.
Government's balances in the South African Reserve Bank accounts, mainly
sterilisation deposits, amounted to R70.503bn. The sterilisation
deposits are not readily available for financing government's borrowing
requirement, as this would increase the money market liquidity.
Operational cash balances with commercial banks amounted to R29.377bn.
More detailed information on the provisional figures will be included in
the monthly statement of the National Revenue, Expenditure and Borrowing which
will be released on 30 July 2009.
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