June 2014 - Note on the flow of funds in South Africa’s national financial account for the year 2013
Last Modified Date:
2020-10-01, 09:31 PM
Quarterly Bulletins > Articles and Notes
IntroductionFrom 2012 to 2013 the aggregate flow of funds in the South African economy increased at a pace broadly in line with growth in nominal gross domestic product. While structural impediments hampered production, financial intermediation continued to bridge the gaps between net lenders and net borrowers.This note reviews both the flow of funds among the domestic sectors, and between the domestic sectors and the foreign sector. The participation of these sectors was influenced by broader macroeconomic conditions, the regulatory environment and risk-return profiles of various financial instruments. The quarterly accounts for 2013 are attached to this note, whereas the annual summary account is presented on pages S–46 to S–47 of this Quarterly Bulletin.