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SA's net reserves at R476bn

Economy
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Johannesburg - South Africa's net gold and foreign exchange reserves dipped to $44.24 billion (R476 billion) in August, from $44.315 billion in July, data from the Reserve Bank showed on Friday.

Gross reserves were also lower at $49.767 billion, while the forward position, which represents the central bank's unsettled or swap transactions, fell to $2.938 billion. - Reuters

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