Views Article – Sharenet Wealth

Africa, Forex

South Africa’s net foreign reserves rose to $48.1 bln in July

JOHANNESBURG, Aug 7 (Reuters) – South Africa’s net foreign reserves rose to $48.114 billion in July from $45.738 billion in June, the Reserve Bank said on Friday.

Gross reserves increased to $57.876 billion from $52.320 billion. The forward position, which represents the central bank’s unsettled or swap transactions, increased to $1.529 billion from $555 million, it said. (Reporting by Mfuneko Toyana; editing by John Stonestreet)


© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.