South Africa has achieved a remarkable financial milestone with its gross foreign exchange reserves reaching an all-time high of $80.193 billion in January 2026. This figure represents the largest value since records began in 1998 and shows a notable increase from $75.892 billion recorded in December 2025.
The growth in reserves is primarily attributed to:
- a significant rise in gold reserves, which jumped to $20.670 billion from $17.493 billion the previous month,
- an increase in Special Drawing Rights (SDR) holdings.
This accomplishment highlights South Africa’s strengthening economic position amidst global challenges and showcases the country’s efforts to enhance economic stability and resilience. The robust forex reserves act as a financial cushion, supporting the national currency and safeguarding the economy from external shocks.
As Africa’s biggest economy, South Africa is also advancing its trade relations, especially through ongoing moves towards a trade agreement with China aimed at securing duty-free access to the Chinese market for South African exports. These developments are essential to boost both trade and economic growth.
The record-breaking forex reserves signal a positive economic trend and foster confidence in the country’s economic management and future growth prospects. For continuous updates, stay tuned to Questiqa World News.
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