Gross foreign exchange reserves in South Africa fell to $69.74 billion in September 2025, following a record high of $70.42 billion in the previous month. The decline came amid a decrease in foreign currency reserves ($47.795 billion vs. $50.160 billion in August). Meanwhile, increases were observed in gold reserves ($15.383 billion vs. $13.757 billion) and SDR holdings ($6.561 billion vs. $6.499 billion). Additionally, the forward position, representing the central bank's unsettled or swap transactions, rose sharply to $1.178 billion in September from $0.535 billion in the previous month.