The South African Reserve Bank published its monthly statement of assets and liabilities under section 32 of the South African Reserve Bank Act, showing a balance sheet total of ZAR 1,296,292,666,306 as at 31 October 2025, up ZAR 34,614,621,385 from the prior month. The increase was driven by higher gold and foreign assets, which rose ZAR 35,478,617,143 to ZAR 1,240,031,155,574, reflecting increases in gold (up ZAR 15,233,534,132 to ZAR 280,933,134,097) and foreign exchange reserves excluding special drawing rights (SDRs) (up ZAR 20,901,427,571 to ZAR 846,423,776,395), partly offset by a fall in SDR holdings (down ZAR 656,344,560 to ZAR 112,674,245,082). On the liabilities side, deposits from banks increased ZAR 15,016,974,070 to ZAR 324,913,302,659 and notes and coin in circulation rose ZAR 2,155,511,599 to ZAR 175,426,397,061, while the gold and foreign exchange contingency reserve account increased ZAR 16,146,424,269 to ZAR 372,981,701,926. The rand value per fine ounce of gold rose to ZAR 69,631.85 and gold holdings increased to 4,034,549 fine ounces.
South African Reserve Bank 2025-11-07
South African Reserve Bank publishes October 2025 balance sheet with total assets up ZAR 34.6bn to ZAR 1.296 trillion
The South African Reserve Bank's monthly statement of assets and liabilities reported a balance sheet total of ZAR 1.3 trillion as of 31 October 2025, an increase of ZAR 34.6 billion from the previous month. This rise was primarily due to higher gold and foreign assets, with notable increases in gold and foreign exchange reserves. On the liabilities side, bank deposits and notes and coin in circulation also saw significant increases.