The South African Reserve Bank published its monthly statement of assets and liabilities as at 31 July 2025, showing total assets rising by ZAR 34.6bn from June to ZAR 1,306.7bn. The increase was driven primarily by higher gold and foreign assets. Gold and foreign assets rose by ZAR 34.4bn to ZAR 1,250.6bn, led by foreign exchange reserves (excluding SDR holdings) up ZAR 28.3bn to ZAR 893.2bn and gold up ZAR 5.7bn to ZAR 241.1bn. On the liability side, deposits by banks fell by ZAR 22.7bn to ZAR 313.5bn, while other deposits rose by ZAR 24.2bn to ZAR 83.8bn; the gold and foreign exchange contingency reserve account increased by ZAR 16.3bn to ZAR 366.4bn and South African government foreign loans and deposits increased by ZAR 16.0bn to ZAR 82.3bn. Notes and coin in circulation decreased by ZAR 0.8bn to ZAR 168.8bn; within equity, the contingency reserve fund increased by ZAR 17.8bn to ZAR 151.2bn and other equity decreased by ZAR 17.2bn to ZAR 8.9bn.