Business & Finance

South Africa's net foreign reserves fall to $40.809bn in Dec

JOHANNESBURG: South Africa's net foreign reserves fell to $40.

Published January 9, 2017 Updated January 9, 2017 07:33am

1 min

By Parvez Jabri

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JOHANNESBURG: South Africa's net foreign reserves fell to $40.809 billion in December from $41.077 billion in November, the Reserve Bank said on Monday.

Gross reserves rose to $47.356 billion from $47.043 billion, the central bank's data showed.

The forward position, which represents the central bank's unsettled or swap transactions, fell to $1.771 billion in December from $2.412 billion in the previous month.

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