Makrognosis

South Africa M2 Money Stock

MonthlyNot seasonally adjustedCode ZA.M2.M.NSA

Latest (y/y)7.0%September 2026
Previous (y/y)8.1%August 2026
Level5,023,114 ZAR millionsSeptember 2026

South Africa M2 Money Stock was up 7.0% year on year in September 2026, compared with 8.1% in August 2026.

The level stood at 5,023,114 ZAR millions.

Among the 13 economies Makrognosis covers on this measure, it is the 7th highest.

Over the past ten years it has ranged from 1.8% (Jun 2021) to 15.7% (Oct 2020), averaging 7.2%.

South Africa M2 Money Stock, annual % change, Jan 1997 – Sep 2026−10%0%10%20%200020052010201520202025Robomacro
South Africa M2 Money Stock, annual % change, Jan 1997 – Sep 2026. Source: South African Reserve Bank (SARB) Web API.
South Africa M2 Money Stock, level (ZAR millions)0M2M4M6M200020052010201520202025Robomacro
South Africa M2 Money Stock, level (ZAR millions).

Showing the full history (downsampled for display). Open the interactive chart to zoom and switch transforms.

Recent data

PeriodValueY/Y %
September 20265,023,114 ZAR millions7.0
August 20265,018,479 ZAR millions8.1
July 20264,942,453 ZAR millions7.3
June 20264,889,296 ZAR millions8.6
May 20264,878,306 ZAR millions8.3
April 20264,910,269 ZAR millions9.3
March 20264,875,254 ZAR millions8.8
February 20264,769,080 ZAR millions7.8
January 20264,788,193 ZAR millions6.9
December 20254,811,254 ZAR millions7.6
November 20254,799,259 ZAR millions7.8
October 20254,742,192 ZAR millions8.1
September 20254,694,839 ZAR millions6.9
August 20254,640,972 ZAR millions6.9
July 20254,604,421 ZAR millions7.9
June 20254,501,765 ZAR millions7.5
May 20254,504,011 ZAR millions7.2
April 20254,492,242 ZAR millions5.8
March 20254,482,761 ZAR millions4.7
February 20254,422,267 ZAR millions5.2
January 20254,479,904 ZAR millions6.7
December 20244,473,296 ZAR millions6.1
November 20244,450,266 ZAR millions7.1
October 20244,386,157 ZAR millions7.1

Last 24 observations. The full history (369 observations) is available through the API.

Get South Africa M2 Money Stock in your code or spreadsheet

One guessable code, agency-direct, updated on release. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/ZA.M2.M.NSA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/ZA.M2.M.NSA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
Get a free API key → · API docs

About this series

Latest observationSeptember 2026
First observationJanuary 1996
Observations369
FrequencyMonthly
UnitsZAR millions
AdjustmentNot seasonally adjusted
10-year high15.7% (Oct 2020)
10-year low1.8% (Jun 2021)
10-year average7.2%
Source agencySouth African Reserve Bank (SARB) Web API
Makrognosis codeZA.M2.M.NSA

M2 Money Stock: how South Africa compares

#EconomyPeriodLatest
1TurkeyNov 202629.4%
2ArgentinaNov 202625.0%
3PeruSep 202616.7%
4BrazilSep 202615.6%
5IsraelMay 20267.7%
6MexicoSep 20267.0%
7South AfricaSep 20267.0%
8United StatesSep 20265.7%
9South KoreaSep 20265.5%
10CanadaAug 20264.1%
11SwitzerlandSep 20264.0%
12ThailandSep 20262.1%
13JapanOct 20261.7%

M2 Money Stock by country: all 13 economies ranked →

Other South Africa indicators

South Africa GDP (Gross Domestic Product)South Africa Nominal GDP at market prices (ZAR million, SAAR, SARB QB)South Africa Inflation Rate (CPI)South Africa Unemployment RateSouth Africa 10-Year Government Bond YieldSouth Africa Credit Rating & Sovereign Risk ScoreSouth Africa Industrial ProductionSouth Africa Retail SalesSouth Africa Producer Price Inflation (PPI)South Africa Current Account Balance - Balance of Payments (NSA)South Africa Trade Balance: Goods & ServicesSouth Africa Exports of goods and services, constant 2015 prices, SA annualised (SARB Web API NRI6013D; Quarterly Bulletin KBP6013D)South Africa Total Exports of Goods Including Gold - SARS Customs (NSA)South Africa Imports of goods and services, constant 2015 prices, SA annualised (SARB Web API NRI6014D; Quarterly Bulletin KBP6014D)South Africa Total Imports of Goods - SARS Customs (NSA)South Africa Government Debt to GDP

FAQ

What is the current m2 Money Stock in South Africa?
The latest reading is 7.0% year on year for September 2026, published by South African Reserve Bank (SARB) Web API.
Where does this data come from?
It is collected directly from South African Reserve Bank (SARB) Web API and is available through the Makrognosis API under the code ZA.M2.M.NSA.

Last updated 2026-10-29. Source: South African Reserve Bank (SARB) Web API. Original title: “South Africa M2 money supply (SARB)”.