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Africa, Forex

South Africa’s net foreign reserves rose to $45.7 bln in June

JOHANNESBURG (Reuters) – South Africa’s net foreign reserves rose to $45.738 billion in June from $45.531 billion in May, the Reserve Bank said on Tuesday.

Gross reserves dipped to $52.320 billion at the end of June from $52.769 billion in the prior month, central bank data showed.

The forward position, which represents the central bank’s unsettled or swap transactions, dropped slightly to $555 million in June from $567 million in May.

(Reporting by Mfuneko Toyana; Editing by Andrew Heavens)

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