The South African Reserve Bank published its statement of assets and liabilities as at 31 March 2025, showing total assets (and total equity and liabilities) of ZAR 1,291,496,638,449, up ZAR 15,234,667,276 from end-February. The increase was concentrated in gold and foreign assets, which rose to ZAR 1,238,768,102,805 (+ZAR 15,326,390,532). Gold increased to ZAR 231,194,542,228 (+ZAR 18,040,904,004) alongside a higher rand price per fine ounce (ZAR 57,316.78 versus ZAR 52,844.92), with gold holdings of 4,033,628 fine ounces. Foreign exchange reserves excluding special drawing rights (SDRs) fell to ZAR 891,757,885,913 (-ZAR 3,522,571,918), while SDR holdings increased to ZAR 115,815,674,664 (+ZAR 808,058,446). On the liabilities side, notes and coin in circulation rose to ZAR 167,771,232,094 (+ZAR 631,929,689) and banks’ deposits increased to ZAR 333,999,854,877 (+ZAR 16,958,019,628), while “other” deposits declined to ZAR 54,787,246,721 (-ZAR 14,541,371,844). The gold and foreign exchange contingency reserve account increased to ZAR 363,901,261,353 (+ZAR 16,162,026,791).
South African Reserve Bank 2025-04-07
South African Reserve Bank publishes March 2025 statement of assets and liabilities showing balance sheet rising to ZAR 1.291 trillion
The South African Reserve Bank reported total assets of ZAR 1.29 trillion as of 31 March 2025, an increase of ZAR 15.23 billion from February. The rise was driven by gold and foreign assets, with gold holdings increasing significantly due to a higher rand price per fine ounce. Foreign exchange reserves excluding special drawing rights (SDRs) decreased, while SDR holdings and banks' deposits saw an uptick.