FINANCING SOUTH AFRICA'S FOREIGN TRADE

(PRELIMINARY EDITION)
by John E. Lind, David J. Koistinen, CANICCOR Research
San Francisco, California
March 1988
Publisher: CANICCOR Research
32 pages
Type: Pamphlet
Coverage in Africa: South Africa
Coverage outside Africa: United States, Europe, France, Germany, Japan, United Kingdom
Language: English
Contents: Summary of Findings: • Estimate of the Amount of Credits Necessary to Finance South Africa's Trade • Structure of South Africa's Debt • The Effect of Cutting Off Trade Credit • CHAPTER I. Trade Finance: The Volume Required • What Trade Finance is and How it Works • The Role of Government Trade Promotion Agencies • The Volume of Outstanding Trade Credits: • Estimated From Trade Data • Medium- & Long-term Credits Estimated from Capital Investments • Consistency of the Estimate of Short-Term Credits • CHAPTER II. Foreign Debt and Financing Since the Moratorium • Total Debt • Total Debt to Foreign Banks • Insured Bank Credits • Non-Bank Credits • Summary of Foreign Credits • Known Lending Since the Moratorium • CHAPTER III. The Effect of Cutting Off Trade Credits • The Economy • Sanctions Against Trade Credits • APPENDIX I. Trade Credit Analysis of Trade Data • APPENDIX II. Individual Exposure of Japanese and French Banks • Japanese Banks • French Banks • Figures: Figure 1. South African Exports by Country of Destination for 1985 • Figure 2. South African Imports by Source for 1985 • Figure 3. South African Debt as of the end of 1986 Distributed by the Category of Lender • Figure 4. Bank Credits Guaranteed by the Member Countries of the OECD in Billions • Figure 5. Non-Bank Credits Guaranteed by the Member Countries of the OECD • Tables: Table I. Estimates of the Trade Credits Necessary to Finance South Africa's Trade • Table II. Total Credits of Foreign Banks and Non-Banks in South Africa, 31 December 1986 • Table III. Government Agencies providing Guarantees and/or Credits for Trade of the Major Trading Partners of South Africa • Table IV. South African Capital Investment • TABLE V. Foreign Debt of South Africa in Billions of U.S. Dollars by Source • Table VI. South African External Debt by Currency and Sector if the Debtor Economy • Table VII. Insured Credits to South Africa by OECD Member Countries by Type of Creditor and Currency exclusive of Dollars • Table VIII. Total Exposure of Foreign Banks and Non-Banks in South Africa at the end of 1986 in Billions of Dollars • Table AI. South African Imports form OECD Countries by SITC Classification with Estimate of Lengths of Trade Finance • Table A2. South African Exports Excluding Gold to OECD Countries by SITC Classification with Estimates of Length of Trade Finance • Table A3. Totals of Estimated Trade Credits by Length of Term for South Africa's Foreign Trade, 1985 • Table B1. Estimated Exposure of Japanese Banks as of 31 December 1986 in Millions of U.S. Dollars • Table B2. Estimated Exposure of the French Banks in South Africa in Millions of U.S. Dollars at the end of 1986 • The pamphlet discusses the Organisation for Economic Co-operation and Development (OECD), Swiss bank lending, foreign assets, Kreditanstalt fuer Weideraufbau, the South African Electricity Supply Commission (ESKOM), the Exports Credits Guarantee Department (ECGD), Hermes Kreditversicherunga, Treuarbeit, AKA-Ausfuhrkredit, the Export-Import Bank, the Ministry of International Trade & Industry (MITI), the South African Reserve Bank (SARB), bonds, the Bank for International Settlements (BIS), the Bundesbank, the South African Post and Telecommunications Administration, Dresdner, Commerzbank. Standard Chartered, Barclays, Dr. Gerhard de Koch, Nedbank, the IMF (International Monetary Fund), the Public Investment Commission (PIC), the Bank of Tokyo, Sumitomo Bank, Dai Ichi Kangyo, Sanwa, Mitsubishi Bank,  Tokai, Fyji, Banque Nationale de Paris (BNP), Credit Lyonnaise, Society Generale, Banque Paribas, Banque Indosuez, SITC (Standard International Trade Classification), raw materials, petroleum, steel, oil, consumer goods, auto components, and agriculture. 
Used by permission of John E. Lind, CANICCOR Research. 
Collection: John Lind collection