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National Treasury’s global investor call post 2025 budget tabling
REPUBLIC OF SOUTH AFRICA
Department of National Treasury
Issuer code: BIRSA
("National Treasury")
NATIONAL TREASURY'S GLOBAL INVESTOR CALL POST 2025 BUDGET TABLING
On Wednesday, 12 March 2025, the South African Minister of Finance, Mr Enoch Godongwana,
will table the 2025 Budget to Parliament.
The Republic of South Africa, rated Ba2 (stable) by Moody's Investors Service Incorporated,
BB- (positive) by S&P Global Ratings and BB- (stable) by Fitch Ratings (Hong Kong) Limited, has
mandated Goldman Sachs International and Investec Bank Limited, alongside their empowerment
partners, Vunani Capital Partners and Cinga Capital, to arrange a non-deal Global Investor Call
("GIC") scheduled for Wednesday, 12 March 2025 at 16:00 SAST / 14:00 GMT / 09:00 EST.
The GIC will be led by National Treasury Director General, Dr Duncan Pieterse, and will be
supported by senior National Treasury officials.
The GIC will be followed by a series of in-person fixed income investor update meetings in
Cape Town on Thursday, 13 March 2025 and Friday, 14 March 2025, and in Johannesburg on
Friday, 28 March 2025. Investec Bank Limited will be arranging logistics.
Details of in-person fixed income investor update meetings internationally will be communicated to
the market in due course.
There will be an open Q&A session during the GIC, and the Republic of South Africa also welcomes
the pre-submission of questions through the respective Goldman Sachs International or Investec
Bank Limited representatives.
Goldman Sachs International:
• Name: Rumbi Wasterfall
• Email Address: rumbi.wasterfall@gs.com
• Contact details: +44 207 774 6671
Investec Bank Limited:
• Name: Leanne Large
• Email address: Leanne.Large@investec.com
• Contact details: +27 82 494 8804
Link to pre-register (Recommended):
https://www.netroadshow.com/events/login?show=367d0b60&confId=78851
Link for the audio replay (only available following the GIC):
https://www.netroadshow.com/events/login?show=367d0b60&confId=78851
Following the tabling of the 2025 Budget, a presentation will be available on National Treasury's
website:
https://shorturl.at/1VyCh
For further enquiries contact:
Terry Bomela-Msomi
Director: Debt Issuance and Management
012 315 5753 / +27 66 289 2492
Pretoria
7 March 2025
Debt Sponsor
One Capital
Date: 07-03-2025 12:25:00
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