An alternative perspective on South Africa’s public debt, 1962-1994 ESTIAN CALITZ, STAN DU PLESSIS AND KRIGE SIEBRITS Stellenbosch Economic Working Papers: 19/10 Version: 27/10/2010 KEYWORDS: SOUTH AFRICAN PUBLIC DEBT, FISCAL DISCIPLINE, ACCRUAL CLASSIFICATION, PENSION FUND DEFICITS, SUB-NATIONAL DEBT JEL: H62, H63, G23 ESTIAN CALITZ DEPARTMENT OF ECONOMICS UNIVERSITY OF STELLENBOSCH PRIVATE BAG X1, 7602 MATIELAND, SOUTH AFRICA E-MAIL: CALITZ@SUN.AC.ZA STAN DU PLESSIS DEPARTMENT OF ECONOMICS UNIVERSITY OF STELLENBOSCH PRIVATE BAG X1, 7602 MATIELAND, SOUTH AFRICA E-MAIL: STAN@SUN.AC.ZA KRIGE SIEBRITS DEPARTMENT OF ECONOMICS UNIVERSITY OF STELLENBOSCH PRIVATE BAG X1, 7602 MATIELAND, SOUTH AFRICA E-MAIL:KRIGESIEBRITS@SUN.AC.ZA A WORKING PAPER OF THE DEPARTMENT OF ECONOMICS AND THE BUREAU FOR ECONOMIC RESEARCH AT THE UNIVERSITY OF STELLENBOSCH