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Net foreign reserves fall to $41.419bn

Economy

Johannesburg - South Africa's net foreign reserves fell to $41.419 billion in March from $41.506 billion in February.

This is according to the Reserve Bank, which released the data on Friday.

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File picture: Waldo Swiegers, Bloomberg

Gross reserves edged down to $46.588 billion from $46.722 billion, the central bank data showed.

The forward position, which represents the central bank's unsettled or swap transactions, fell to $2.867 billion in March from $2.97 billion in the previous month. 

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