🇿🇦
South Africa
ZAF · ZAR · 63.1M pop. · Rank #121
…Watchlist
Rating
B
Health Score™
41.4
Data source:
GDP
$0.58T
GDP Growth
+1.8%
Inflation
3.0%
Debt / GDP
82.6%
Fiscal Bal.
-3.9%
Reserves
—
Debt / GDP · history
29-year trend
▼ 7.4 (90d)
Debt Sustain.36
Fiscal Discipline38
Transparency53.8
Reserves35
ESG Readiness50
Governance55.8
Revenue Stab.49
Inst. Strength53
Risk profile · 6-axis
AI Executive Summary
- Debt-to-GDP 82.6% — moderate.
- Fiscal balance -3.9%.
- Inflation 3.0% · Governance 55.8/100.
Debt instruments & programs
1 active records
| Type | Instrument | Amount | Coupon | Maturity | Status |
|---|---|---|---|---|---|
| domestic | RSA R2035 ILB | $12.0B | 3.50% | 2035-01-31 | active |
Treasury & Market Data · Live
ZAF sovereign rates & fiscal series
bis· 2026-08-01
CBPOL
bis
Central Bank Policy Rate
7.00%
as of 2026-08-01 · 12 pts
Live News & Official Statements
ZAF treasury & central bank feeds
- SARBJun 4, 2026, 2:02 PMSouth Africa tapers long-end issuance amid demand concerns
National Treasury reduces 30-year issuance in weekly auction.
Sources: South African Reserve Bank
Debt Sustainability Analysis
Debt Sustainability Analysis
DSA · TreasuryMarketCap™ model
Gross debt / GDP
76.0%
Net debt / GDP
73.0%
Primary balance
-0.5%
Implicit rate
7.18%
Nominal growth
4.9%
Debt-stabilising PB
1.64%
on track
Projected 1Y debt
78.2%
Projected 5Y debt
87.3%
- r−g = 2.3 pp — debt dynamics are unfavourable; the debt ratio will rise unless a primary surplus is maintained.
- Fiscal position runs 2.2 pp ahead of the debt-stabilising level — creating headroom.
Redemption Profile · Maturity Wall
Upcoming debt maturities (USD bn)
2035
$12.0bn
Document Intelligence
No document intelligence available yet for South Africa.
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Regional peers · Africa
Open comparison →| Country | Health | Gov | Debt/GDP | Growth | Risk |
|---|---|---|---|---|---|
| 🇿🇦South Africa | 41.4 | 55.8 | 82.6% | +1.8% | Watchlist |
| 🇱🇸Lesotho | 75.8 | 50.8 | 3.0% | +5.2% | Strong |
| 🇹🇿Tanzania | 66.4 | 48.2 | 40.1% | +5.5% | Stable |
| 🇩🇯Djibouti | 65.8 | 40.8 | 48.0% | +7.0% | Stable |
| 🇧🇯Benin | 64.6 | 50.5 | 39.4% | +7.5% | Stable |
| 🇨🇮Ivory Coast | 64.5 | 48.1 | 32.6% | +6.0% | Stable |