Treasury has cash pile of R190bn

Business Live reports that the National Treasury received an injection of R30-billion to boost its cash balance to almost R190bn in December 2011.

6 Jan 2012

It says the record cash pile is even more remarkable because the next major redemption of a government bond is only in March 2013 when R21bn is due for redemption.

The cash pile will cover all government bond redemption until March 2017, according to Business Live.

For more:

Business Live: R189bn cash pile underlines good government finance
National Treasury: Homepage

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