Mr Moseki will show that notwithstanding the near collapse of commodity prices in 2020 (notably diamonds) as well as net capital outflows, the country relied on accumulated government savings and relatively strong external position to 1/3  BIS central bankers' speeches  supply the economy with foreign exchange.
While the country is exploring external borrowing as one of the options for financing the “twin deficits”, that is trade and fiscal deficits, it is doing so in an orderly and coordinated manner, in the context of a prudent and sound debt management strategy.