S.Africa's net reserves fall to $40.471 bln in November - CNBC Africa

S.Africa's net reserves fall to $40.471 bln in November

Southern Africa

by Reuters 0

S.Africa's net reserves fall to $40.471 bln in November. PHOTO: Wikipedia

South Africa's net gold and foreign exchange reserves were lower at $40.471 billion in November from $41.308 billion in October, Reserve Bank data showed on Monday.

Gross reserves also dipped to $45.14 billion from $46.051 billion previously. The forward position, which represents the central bank's unsettled or swap transactions, was at $2.106 billion in November versus $2.228 billion.

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