South Africa’s net reserves tick up to $40.654 bil in December

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JOHANNESBURG (Reuters) – South Africa’s net gold and foreign exchange reserves were at $40.654 billion in December, up slightly from $40.471 billion in November, Reserve Bank data showed on Friday.

Gross reserves also edged higher to $45.787 billion from $45.14 billion previously. The forward position, which represents the central bank’s unsettled or swap transactions, dropped to $1.424 billion in December versus $2.106 billion.

 

(Reporting by Stella Mapenzauswa; Editing by Himani Sarkar)

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