Country profile · Sovereign risk

South Africa

Southern Africa·ZAF·ZAR·16 Oct 2026
RicherFin rating
Proprietary analytical opinion
Currency
ZAR
CMA
Public projects
24
Published public projects
Reference data
2024–2025
Macroeconomic periods

Ratings & sovereign risk

RicherFin Ratings

The analysis behind the rating.

The RicherFin file presents risk drivers, their sources and limitations, separately from agency ratings.

Agency ratings and outlooks
AgencyRatingOutlook
FitchBBStable
Moody'sBa2Positive
S&PBBPositive

Sources and reference dates are listed below.

Economic indicators

Each indicator retains its period
IndicatorValuePeriod
Real GDP growth1.1%2025
Central government debt / GDP82.8%2024
Current account / GDP-0.4%2025
Inflation3.2%2025
GDP per capitaUSD 6,5982025
Trade openness60.9%2025

Access the markets

Existing RicherFin pages

Equities

211 instruments
TickerCompanyLatest1M
NPNJn.JNaspers Ltd72065 ZAR-1.22%
IMPJ.JImpala Platinum Holdings Ltd18800 ZAR-19.41%
GFIJ.JGold Fields Ltd62762 ZAR-10.15%
HARJ.JHarmony Gold Mining Company Ltd28491 ZAR-10.57%
VALJ.JValterra Platinum Ltd125318 ZAR-11.96%
View more companies · 4AX
View more companies · JSE
View more companies · MSE
View more companies · VFEX
View more companies · ZSE

Public projects & infrastructure

24 projects →
Accelerating Genomics-based Surveillance for Disease-Causing Pathogens in South AfricaOther infrastructure · ActivePreview→Beitbridge - Musina Water Transfer SchemeWater and sanitation · Feasibility study under wayPreview→Cape Corridor ProjectTransport and logistics · Feasibility and associated studies being finalisedPreview→Catalyzing Financing and Capacity for the Biodiversity Economy around Protected Areas ProjectOther infrastructure · ActivePreview→

Sources & data scope

Economic indicator sources

Real GDP growth · 2025 · World Bank · Primary source →

Central government debt / GDP · 2024 · World Bank · Primary source →

Current account / GDP · 2025 · World Bank · Primary source →

Inflation · 2025 · World Bank · Primary source →

GDP per capita · 2025 · World Bank · Primary source →

Trade openness · 2025 · World Bank · Primary source →

RicherFin and agency ratings

The RicherFin opinion is distinct from agency ratings. A dash indicates an unavailable value.

Fitch · BB · · Source →

Moody's · Ba2 ·

S&P · BB · · Source →

Institutional sovereign report