South Africa has complied with every obligation contained in the agreement. The first capital installment (US$150 million) was due and payable on 3 January 2016; it was paid on 30 December 2015. The second capital installment (US$250 million) is due and payable on 3 January 2017; it was paid on 26 August 2016. Five capital installments remain, each payable 12 months after the last; the next three payments are US$300 million and the last two are US$350 million.
The New Development Bank related obligations have been factored into the Medium Term Expenditure Framework; and will be funded as budgeted.