SA's net foreign reserves up to $42.235 billion

According to the Reserve Bank, South Africa’s net foreign reserves rose to $42.235 billion in June, up from $42.016 billion in May.

The central bank data further showed that gross reserves increased to $47.352 billion, up from $47.241 billion.

Furthermore, the forward position, which represents the central bank's unsettled or swap transactions, fell to $2.464 billion in June, down from $2.504 billion in May.