Investor Presentaiton
Outlook for Coming Years
Fiscal outlook
Expenditure ceiling implemented in 2012 has significantly reduced spending growth. The ceiling
will be lowered by R25 billion over the next 2 years.
Gross debt to stabilise at 48.4 per cent of GDP in 2016/17, declining to 45.3 per cent by 2020/21
From 2015/16, government will be in current surplus, implying that borrowing will finance
infrastructure investment rather than consumption spending.
Expect to see SA still attractive to foreign flows - ease of market access and deep financial markets
SA vulnerable to downgrades due to labour market instability and low growth.
Electronic Trading Platform: promote transparency, price discovery in the market to increase local and
foreign market participation.
SA to continue diversification of investor base - development of domestic and international Islamic bond
market
national treasury
Department:
National Treasury
REPUBLIC OF SOUTH AFRICAView entire presentation