S.Africa's net reserves edge up to $41.59 bln in June - CNBC Africa

S.Africa's net reserves edge up to $41.59 bln in June

Southern Africa

by Reuters 0

S.Africa's net reserves edge up to $41.59 bln in June.

South Africa's net gold and foreign exchange reserves ticked slightly higher to 41.59 billion US dollars in June from 41.519 billion US dollars in May, data from the Reserve Bank showed on Tuesday.

Gross reserves also edged up to 46.829 billion US dollars from 46.446 billion US dollars previously while the forward position, which represents the central bank's unsettled or swap transactions, eased to 2.298 billion US dollars from 2.671 billion US dollars.

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