Broad Money Supply M3 in South Africa increased by 8.16% year-on-year to a fresh record high of ZAR 5,882,466 million in December 2025 from 8.26% rise in the previous month. Money Supply M3 in South Africa averaged 1168040.59 ZAR Million from 1965 until 2025, reaching an all time high of 5882466.00 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 increased to 5882466 ZAR Million in December from 5845479 ZAR Million in November of 2025.

Money Supply M3 in South Africa increased to 5882466 ZAR Million in December from 5845479 ZAR Million in November 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
2025-12-31 06:00 AM
M3 Money Supply YoY
Nov 8.26% 7.52% 7.5%
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 8.16%


Related Last Previous Unit Reference
Banks Balance Sheet 8972364.00 8944186.00 ZAR Million Dec 2025
Central Bank Balance Sheet 1333171.00 1318176.00 ZAR Million Jan 2026
Foreign Exchange Reserves 80193.00 75890.00 USD Million Jan 2026
Interbank Rate 6.60 6.60 percent Feb 2026
Interest Rate 6.75 6.75 percent Jan 2026
Lending Rate 10.25 10.25 percent Jan 2026
Loans to Private Sector 5237674.00 5165677.00 ZAR Million Dec 2025
Money Supply M0 563633.00 517054.00 ZAR Million Dec 2025
Money Supply M1 2921787.00 3063617.00 ZAR Million Dec 2025
Money Supply M2 4835694.00 4799269.00 ZAR Million Dec 2025
M3 Money Supply YoY 5882466.00 5845479.00 ZAR Million Dec 2025


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
5882466.00 5845479.00 5882466.00 4796.00 1965 - 2025 ZAR Million Monthly
Current Prices, SA