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Instrument data
                    
                                        Issuer
                                    
                                    
                                
                                        Senority
                                    
                                    
                                        Senior Unsecured
                                    
                                
                                        Currency
                                    
                                    
                                        ZAR
                                    
                                
                                            ISIN
                                        
                                        
                                            ZAG000217787
                                        
                                    
                                        Coupon percent
                                    
                                    
                                        8.3%
                                    
                                
                                        Coupon type
                                    
                                    
                                        Floating: Fixed Margin over Index
                                    
                                
                                        Instrument volume
                                    
                                    
                                        8,080,000,000
                                    
                                
                                        Maturity date
                                    
                                    
                                        30/09/2035
                                    
                                -
                                
                                    
                                            BB
                                    
                                    
                                        Outlook:
                                        
                                            Stable
                                        
                                    
                                    
                                        
                                    
                                
                                
                                    
                                            BB
                                    
                                        
                                        Outlook:
                                            Stable
                                    
                                    
                                        
                                    
                                
                            Latest change
                                
                                            
                                                New
                                        
                                        
                                            
                                            23/10/2025
                                        
                                    General information
                                
                                                                
                                                                Rating
                                                            
                                                            
                                                                
                                                                Public
                                                            
                                                            
                                                                
                                                                Unsolicited
                                                            
                                                            
                                                                
                                                                    With no issuer participation
                                                            
                                                            
                                                                
                                                                UK endorsed
                                                            
                                                            
                                                                
                                                                EU Rated
                                                            
                                                    Thomas Gillet
                                                                    Lead analyst
                                                            Alvise Lennkh-Yunus
                                                                    Committee chair
                                                             
                                1/8/2025 Rating announcement EN
Scope affirms the Republic of South Africa’s BB foreign currency ratings with Stable Outlook
A large and well-diversified economy, strong public-debt structure, robust monetary policy framework and a resilient banking system anchor the rating. Rising government debt and moderate economic growth are the main credit challenges.
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