The South African Reserve Bank released its statement of assets and liabilities as at 28 February 2026, showing total assets and liabilities of ZAR 1,346,236,528,403, up ZAR 13,065,913,599 from end-January. The increase was driven by a rise in gold and foreign assets, particularly foreign exchange reserves. Gold and foreign assets rose ZAR 14,358,041,775 to ZAR 1,289,493,176,203, reflecting higher gold (ZAR 332,957,484,379, up ZAR 4,280,743,368) and foreign exchange reserves excluding SDRs (ZAR 851,073,038,914, up ZAR 10,601,484,758), partly offset by lower SDR holdings (ZAR 105,462,652,910, down ZAR 524,186,351). Domestic assets were broadly stable, with fixed assets increasing to ZAR 8,408,125,897 and loans and advances falling to ZAR 1,925,179,181; holdings of South African government securities rose to ZAR 39,782,691,710. On the liability side, notes and coin in circulation fell ZAR 1,551,923,247 to ZAR 171,843,471,093 and banks’ deposits declined ZAR 32,246,401,372 to ZAR 340,458,265,442, while other deposits increased ZAR 39,997,029,301 to ZAR 116,414,691,109; the gold and foreign exchange contingency reserve account rose ZAR 4,399,987,906 to ZAR 339,381,804,958. The rand gold price used increased to ZAR 82,518.25 per fine ounce and gold holdings edged up to 4,034,956 fine ounces.
South African Reserve Bank 2026-03-06
South African Reserve Bank publishes February 2026 balance sheet with total assets up ZAR 13.1bn on higher foreign exchange reserves
The South African Reserve Bank reported total assets and liabilities of ZAR 1.35 trillion as of 28 February 2026, driven by higher gold and foreign exchange reserves. Gold and foreign assets rose to ZAR 1.29 trillion, with notable increases in gold and foreign exchange reserves, while domestic assets remained stable. On the liability side, notes and coin in circulation and banks’ deposits decreased, whereas other deposits and the gold and foreign exchange contingency reserve account increased.