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)

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