South Africa’s net foreign reserves fall to $44.4 bln in Nov


JOHANNESBURG (Reuters) – South Africa’s net foreign reserves fell to $44.415 billion in November from $44.606 billion in October, Reserve Bank data on Friday showed.

Gross reserves increased to $54.893 billion at the end of November from $54.529 billion the previous month.

The forward position representing the central bank’s unsettled transactions, or swap, showed a smaller positive balance of $31 million in November after a positive balance of $643 million in October.

Reporting by Mfuneko Toyana; Editing by Muralikumar Anantharaman



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