Markets

South Africa's net reserves rise to $45.176bn in July

Published August 7, 2013 Updated August 7, 2013 07:09am

1 min

By Shoaib Ur Rehman

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JOHANNESBURG: South Africa's net gold and foreign exchange reserves rose in July to $45.176 billion from $44.604 billion in June, data from the Reserve Bank showed on Wednesday.

Gross reserves were higher at $47.319 billion from $46.979 billion in June while the forward position, which represents the bank's unsettled spot or swap transactions, was up at $4.245 billion from $4.157 billion in June.

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