FX.co ★ South Africa’s Net FX Reserves Climb to $74.9 Billion in January 2026

South Africa’s net foreign exchange reserves rose in January 2026, reaching USD 74.877 billion, up from USD 71.144 billion recorded in December 2025. The latest data, updated on 06 February 2026, signals a notable month-on-month increase in the country’s reserve position.

The January reading suggests strengthened external buffers for South Africa, potentially improving the country’s capacity to manage external shocks and support currency stability. The move from December’s level to the new January figure highlights a solid gain in net reserves at the start of 2026, an indicator closely watched by investors and policymakers alike.