Pretoria: The National Treasury has encouraged investors interested in participating in the upcoming Global Investor Call (GIC) after the tabling of the budget, to submit their questions through designated representatives from Goldman Sachs or Investec.
According to South African Government News Agency, Minister of Finance, Enoch Godongwana, will table the 2025 Budget Review to Parliament on 19 February 2025. The Republic of South Africa, rated Ba2 (stable) by Moody’s Investors Service Incorporated, BB- (positive) by S and 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). This event is scheduled for Wednesday, 19 February 2025, at 16:00 SAST / 14:00 GMT / 09:00 EST.
The GIC will be led by the Director-General of the National Treasury, Dr. Duncan Pieterse, and will be supported by senior National Treasury officials. The National Treasury has announced that due to their role as Chair of the Finance Track of the G20, there will not be a series of in-person fixed income investor update meetings domestically or internationally, owing to scheduling conflicts with the G20 meetings. Any changes to this arrangement will be communicated to the market.
An open Q and A session will be held during the GIC, and the Republic of South Africa welcomes the pre-submission of questions through the respective representatives from Goldman Sachs or Investec. The representatives can be contacted as follows:
Investec Bank Limited’s Leanne Large can be reached at [email protected] or +27 82 494 8804. Goldman Sachs International’s Rumbi Wasterfall can be contacted at [email protected] or +44 207 774 6671.
Interested parties are recommended to pre-register via the provided link. An audio replay will be available following the GIC. After the tabling of the 2025 Budget, a presentation will be available on National Treasury’s website. For further enquiries, Terry Bomela-Msomi, Director of Debt Issuance and Management, can be contacted at 012 315 5753 or +27 66 289 2492.