REPUBLIC OF SOUTH AFRICA - Update on 2026/27 foreign currency funding programme

Update on 2026/27 foreign currency funding programme

REPUBLIC OF SOUTH AFRICA
Department of National Treasury
Issuer code: BIRSA
("National Treasury")

UPDATE ON 2026/27 FOREIGN CURRENCY FUNDING PROGRAMME

The National Treasury hereby advises that the Republic of South Africa has successfully achieved its
budgeted foreign currency funding requirement for the 2026/27 fiscal year.

The foreign funding programme, amounting to approximately US$3.2 billion, has been fully funded through
concessional financing secured from development finance institutions and multilateral development banks.
As a result, no additional foreign currency funding will be raised during the remainder of the 2026/27 fiscal
year.

Accordingly, no further Requests for Proposals ("RFP") for foreign currency funding will be issued for the
balance of the current fiscal year. The foreign currency funding process is expected to resume in the 2027/28
fiscal year, subject to government funding requirements, prevailing market conditions and the approved
borrowing strategy.

In line with the government's foreign funding strategy, concessional financing remains the preferred source
of foreign currency funding where available and appropriate, given its favourable pricing, longer maturities,
grace periods and overall contribution to prudent debt management.

The National Treasury remains committed to prudent debt and risk management and will continue to engage
market participants and provide updates as necessary.

For further enquiries, please contact:

Wanga Cibi
Chief Director: Liability Management
012 315 5274 / +27 63 698 7846


Pretoria
17 June 2026

Debt Sponsor
One Capital

Date: 17-06-2026 11:55:00
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