The National Treasury has successfully achieved its budgeted foreign currency funding requirement for the 2026/27 fiscal year.

The $3.2-billion foreign funding programme has been fully funded through concessional financing secured from development finance institutions and multilateral development banks.

No additional foreign currency funding will be raised during the remainder of the 2026/27 fiscal year.

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, Treasury says.

Treasury will resume its foreign funding process in the 2027/28 fiscal year, subject to government funding requirements, market conditions and the approved borrowing strategy.

Treasury remains committed to prudent debt and risk management and will continue to engage market participants and provide updates as necessary, it says.