SA's net foreign reserves at $42.44 billion

post-title

In addition, the country's gross reserves fell to $50.511 billion in July, down from $50.582 billion.

According to the Reserve Bank, South Africa‘s net foreign reserves fell to $42.440 billion in July, a small drop from where they were in June, at $42.447 billion. The central bank data also shows that gross reserves fell to $50.511 billion, down slightly from $50.582 billion.

According to Reuters, the forward position, which represents the central bank’s unsettled or swap transactions, decreased to $1.790 billion in July, from $1.809 billion in June.

Pictured: Lesetja Kganyago, governor of the SA Reserve Bank

Related articles

Three CFOs’ guide to managing boardroom expectations

Productivity SA CFO Okuhle Sidumane, Sappi Southern Africa CFO Pramy Moodley and BMI Coverland FD Tammy Narain explain how effective expectation management helps them ensure every engagement with their board is a success.

Top