SA’s Net Reserves Rise to $41.953 Billion in September

JOHANNESBURG  – South Africa’s net foreign reserves rose to $41.953 billion in September from $40.795 billion the previous month, the Reserve Bank said on Friday.

Gross reserves were also up at $47.247 billion from $45.708 billion, the bank’s data showed.

The forward position, which represents the central bank’s unsettled or swap transactions, climbed to $2.201 billion from $1.771 billion.

(Reporting by Stella Mapenzauswa; Editing by Tiisetso Motsoeneng)



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