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South Africa’s net foreign reserves rise to $43.6BN in January

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South Africa’s net foreign reserves rose to $43.588 billion in January from $42.927 billion in December, the Reserve Bank said on Wednesday.

Gross reserves, however, fell to $50.501 billion from $50.722 billion, the central bank data showed.

The forward position, which represents the central bank’s unsettled or swap transactions, increased to $2.024 billion from $1.196 billion.

Credit: CNBC Africa

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