South Africa's net foreign reserves rise to $42.7 bln in November

South Africa's net foreign reserves rise to $42.7 bln in November
Wads of U.S. Dollar banknotes are pictured at the Money Service Austria company's headquarters in Vienna
JOHANNESBURG (Reuters) - South Africa's net foreign reserves rose to $42.689 billion in November from $42.486 billion in October, the Reserve Bank said on Thursday.

Gross reserves also increased, to $50.297 billion from $48.903 billion, the central bank data showed.

The forward position, which represents the central bank's unsettled or swap transactions, decreased to $1.732 billion from $2.99 billion.

(Reporting by Mfuneko Toyana; Editing by Tiisetso Motsoeneng)

2017-12-07 09:04:36

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