SA's net reserves edge up to $44.8bn

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Johannesburg - South Africa's net gold and foreign exchange reserves were slightly higher at $44.828 billion in June from $44.506 billion in May, data from the Reserve Bank showed on Monday.

Gross reserves however fell to $48.647 billion at the end of the month, from $49.209 billion in May, while the forward position, which represents the bank's unsettled or swap transactions, was slightly lower at $3.117 billion from $3.219 billion. - Reuters

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