Coverage: Q3 2025 · Information to 5 December 2025

TGB Quarterly Country Banking Sector Report · 5 December 2025

South African banks moved into the last quarter of 2025 with a sector return on equity of 15.81% and a total capital adequacy ratio of 17.22% on average in 2025 to June, as the Reserve Bank cut the repo rate to 6.75% under a new 3% inflation target and corporate borrowing drove a pick-up in credit.