South Africa’s net foreign reserves fall to $43.3 bln in March

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JOHANNESBURG (Reuters) – South Africa’s net foreign reserves fell to $43.266 billion in March from $43.659 billion in February, the Reserve Bank said on Friday.

Gross reserves also dropped, to $49.679 billion at the end of March from $50.836 billion previously, central bank data showed.

The forward position, which represents the central bank’s unsettled or swap transactions, was at $2.047 billion in March from $1.369 billion in the previous month.

Reporting by Alexander Winning

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