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Africa, Forex

South Africa’s net foreign reserves fall to $43.906 bln in July

JOHANNESBURG (Reuters) – South Africa’s net foreign reserves fell to $43.906 billion in July from $43.940 billion in June, the Reserve Bank said on Wednesday.

Gross reserves declined to $49.360 billion at the end of July from $49.804 billion in the prior month, central bank data showed.

The forward position, which represents the central bank’s unsettled, or swap transactions, rose to $539 million in July from $376 million in June.

(Reporting by Olivia Kumwenda-Mtambo, editing by Louise Heavens)

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