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The organisation has its origins in 1911, with the passing of the Public Debt Commissioners Act of 1911, a year after the formation of the Union of South Africa. [4]: 3 Known then as the Public Debt Commissioners, it would manage the government's debt, investing the government and South African Railways and Harbours trust funds and by 1924 had taken on the provincial administrators funds as well.
The speech and the lack of commitment by the government to roll back apartheid legislation resulted in a sovereign default [8] on the debt when global lenders refused to rollover South Africa's debts. [9] The final payment of $6.89 billion on the $13.6 billion 1985 debt was made by the South African government in 2001. [6]
The Development Bank of Southern Africa (DBSA) is a development finance institution wholly owned by the Government of South Africa.The bank intends to "accelerate sustainable socio-economic development in the Southern African Development Community (SADC) by driving financial and non-financial investments in the social and economic infrastructure sectors".
International investors with portfolios containing African government bonds will be able to approach the LSF for short-term loans, known as repos, using the bonds as collateral, enhancing ...
Land and Development Bank of South Africa (LADBSA) is a government-owned development bank in the Republic of South Africa. The bank was established as a development finance institution in 1912 by the Government of South Africa. The main objective of LADBSA is to promote and finance development in the agricultural sector of the economy of the ...
National Credit Regulator (NCR) is a South African government agency that regulates the credit industry in South Africa. The NCR was established under National Credit Act 34 of 2005 (the Act). The NCRt is tasked with carrying out education, research, policy development, registration of industry participants, investigation of complaints, and ...
SASSA R350 grant is designed to help unemployed South African between the age of 18–59 years with no source of income. SASSA aims to eliminate long queues at its local offices across the country, so that beneficiaries can check payment dates and application status online, SASSA ensures smooth experience when applying for their Social Grants.
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