South Africa’s October net foreign reserves dip to $41.799 bln

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JOHANNESBURG (Reuters) – South Africa’s net foreign reserves fell slightly to $41.799 billion in October from $41.953 billion the previous month, the Reserve Bank said on Monday.

Gross reserves were, however, up at $47.848 billion from $47.247 billion, the central bank’s data showed.

The forward position, which represents the central bank’s unsettled or swap transactions, also rose to $2.495 billion in October from $2.201 billion in September.


(Reporting by Stella Mapenzauswa; Editing by Jacqueline Wong)


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