July 7, 2017 / 6:09 AM / 3 months ago

South Africa's net foreign reserves rise to $42.235 bln in June

JOHANNESBURG, July 7 (Reuters) - South Africa’s net foreign reserves rose to $42.235 billion in June from $42.016 billion in May, the Reserve Bank said on Friday.

Gross reserves increased to $47.352 billion from $47.241 billion, the central bank data showed.

The forward position, which represents the central bank’s unsettled or swap transactions, fell to $2.464 billion in June from $2.504 billion in the previous month. (Reporting by Olivia Kumwenda-Mtambo)

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