Broad Money Supply M3 in South Africa increased by 7.44% year-on-year to ZAR 5,859,771 million in January 2026, following an 8.16% rise in the previous month. Money Supply M3 in South Africa averaged 1174420.88 ZAR Million from 1965 until 2026, reaching an all time high of 5861908.00 ZAR Million in December of 2025 and a record low of 4796.00 ZAR Million in March of 1965. source: South African Reserve Bank

Money Supply M3 in South Africa decreased to 5859771 ZAR Million in January from 5861908 ZAR Million in December of 2025.

Money Supply M3 in South Africa decreased to 5859771 ZAR Million in January from 5861908 ZAR Million in December of 2025. Money Supply M3 in South Africa is expected to be 6100000.00 ZAR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Money Supply M3 is projected to trend around 5900000.00 ZAR Million in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-30 06:00 AM
M3 Money Supply YoY
Dec 8.16% 8.26%
2026-02-27 06:00 AM
M3 Money Supply YoY
Jan 7.44% 8.16%
2026-03-30 06:00 AM
M3 Money Supply YoY
Feb 7.44%


Related Last Previous Unit Reference
Banks Balance Sheet 8988651.00 8972364.00 ZAR Million Jan 2026
Central Bank Balance Sheet 1333171.00 1318176.00 ZAR Million Jan 2026
Foreign Exchange Reserves 81060.00 80190.00 USD Million Feb 2026
Interbank Rate 6.59 6.59 percent Mar 2026
Interest Rate 6.75 6.75 percent Feb 2026
Lending Rate 10.25 10.25 percent Mar 2026
Loans to Private Sector 5239718.00 5236150.00 ZAR Million Jan 2026
Money Supply M0 546100.00 563633.00 ZAR Million Jan 2026
Money Supply M1 2905962.00 2921787.00 ZAR Million Jan 2026
Money Supply M2 4788203.00 4835694.00 ZAR Million Jan 2026
M3 Money Supply YoY 5859771.00 5861908.00 ZAR Million Jan 2026


South Africa Money Supply M3
South Africa Money Supply M3 includes M2 plus long-term time deposits in banks.
Actual Previous Highest Lowest Dates Unit Frequency
5859771.00 5861908.00 5861908.00 4796.00 1965 - 2026 ZAR Million Monthly
Current Prices, SA