South Africa’s net foreign exchange reserves rose in February 2026, ticking up to USD 75.835 billion from USD 74.877 billion in January 2026, according to data updated on 6 March 2026.
The increase of just under USD 1 billion signals a modest strengthening of the country’s external buffer, which can help support currency stability and bolster investor confidence. While the data release provides no breakdown of drivers, the higher reserve level may reflect valuation effects, interest earnings on reserve assets, or net foreign inflows over the month.
With February’s rise, South Africa continues to maintain a sizeable reserve position, providing policymakers with additional space to navigate global financial volatility and shifts in capital flows. Investors and analysts will be watching upcoming releases to see whether this uptick marks the start of a sustained trend in reserve accumulation.
