SA net reserves edge up slightly

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

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