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Note on the inclusion of public deposit-taking corporations in the statistics of public financial enterprises and corporations
Published Date:
2026-06-30
Last Modified Date:
2026-06-30, 09:11
Category:
Quarterly Bulletins > Articles and Notes | What's New
The Government Finance Statistics Manual 2014 (GFSM 2014)2 published by the International Monetary Fund (IMF) serves as a standardised global framework for compiling detailed government finance statistics (GFS), thereby ensuring international comparability. Following recent bilateral engagements, the IMF recommended that the South African Reserve Bank (SARB) expand the coverage and reporting of its public finance statistics in the Quarterly Bulletin (QB) to include public deposit-taking corporations (PDTCs). Paragraph 3.124 of the Monetary and Financial Statistics Manual and Compilation Guide (MFSM)3 defines deposit-taking
corporations (DTCs) as all financial corporations (FCs), other than the central bank, that incur liabilities included in broad money. The DTCs’ principal activity is financial intermediation and they obtain funds by accepting deposits or other financial instruments (such as short-term certificates of deposits) that are close substitutes for deposits. DTCs may also issue bills, bonds, other debt securities or other financial instruments.