South Africa's net foreign reserves rise to $58.287bln in May

Image used for illustrative purpose. Cityscape of Johannesburg in South Africa a venue of the 2010 World Cup, February 18, 2010. Image for illustrative purpose
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Gross reserves increased to $62.087 billion in May from $61.795 billion in April

Tannur Anders, Reuters News

June 7, 2024

PHOTO
Image used for illustrative purpose. Cityscape of Johannesburg in South Africa a venue of the 2010 World Cup, February 18, 2010. Image for illustrative purpose

South Africa's net foreign reserves rose to $58.287 billion at the end of May, from $57.851 billion in April, central bank data showed on Friday.

Gross reserves increased to $62.087 billion in May from $61.795 billion in April. The forward position, which represents the central bank's unsettled or swap transactions, rose to $0.516 billion from $0.508 billion.

(Reporting by Tannur Anders Editing by Alexander Winning)

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