The South African Reserve Bank published updated international investment position (IIP) statistics showing South Africa’s positive net IIP increased to ZAR2 475 billion at end June 2025 from a revised ZAR2 264 billion at end March 2025, as the market value of foreign assets rose more than foreign liabilities. Foreign assets increased 4.8% to ZAR9 977 billion, driven mainly by valuation-led gains in direct and portfolio investment assets. Portfolio investment assets were supported by a 10.6% rise in the S&P 500 and higher values of dual-listed companies, partly offset by the impact of Anglo American Plc’s share consolidation and the distribution of Valterra Platinum Limited shares. Foreign liabilities increased 3.4% to ZAR7 501 billion as portfolio investment and financial derivative liabilities rose, while direct investment and other investment liabilities declined, including due to loan repayments and the national government’s seventh of eight quarterly repayments of XDR381 million on an IMF loan. As a share of GDP, net IIP rose to 33.2% at end June 2025 from 30.6% at end March 2025. The SARB stated that South Africa’s IIP as at end September 2025 will be released on its website at the end of December 2025.
South African Reserve Bank 2025-09-30
South African Reserve Bank reports South Africa’s net international investment position rose to ZAR2 475 billion at end June 2025
The South African Reserve Bank reported an increase in South Africa's net international investment position (IIP) to ZAR2 475 billion at the end of June 2025, up from ZAR2 264 billion in March 2025, driven by valuation gains in foreign assets. Foreign assets rose 4.8% to ZAR9 977 billion, while foreign liabilities increased 3.4% to ZAR7 501 billion. The net IIP as a share of GDP rose to 33.2% from 30.6%.