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Debt service costs higher than projected: Treasury

"The main reasons for the over payment are higher interest on bonds than expected...," said a government official.

South Africa's President Jacob Zuma answers questions at Parliament in Cape Town, March 17, 2016.

South Africa's debt service costs stood at 907.9 million rand($58 million) at the end of March, higher than previously projected, Treasury Director-General Lungisa Fuzile said on Tuesday.

"The main reasons for the over payment are higher interest on bonds than expected ... (and) higher interest on Treasury bills," Fuzile said in a presentation to parliament's finance committee.

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