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SA's net reserves fall to $47.2 bn

March 7 2013 at 10:53am
By Reuters

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Cash

Johannesburg - South Africa's net gold and foreign exchange reserves fell to $47.211 billion at the end of February from $48.13 billion in January, data from the Reserve Bank showed on Thursday.

Gross reserves dipped to $50.374 billion in February from $51.227 billion in January while the forward position, which represents the bank's unsettled spot or swap transactions, was also lower at $4.669 billion from $4.791 billion in January. - Reuters


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