South Africa Plans Rand Sukuk Tap for 2026 Fiscal-Year Funding

1 articles · Updated · Bloomberg · Jul 1

South Africa said it is on track to tap its existing rand-denominated sukuk instruments as part of funding plans for the current fiscal year.
The National Treasury said the sale still depends on completing the required hybrid structure and internal approval processes before issuance can proceed.
Issuance size and timing have not been set, with Treasury saying those details will be announced closer to the deal date.