South Africa’s net foreign reserves rise to $42.414 bln in July

An employee of Tanaka Kikinzoku Jewelry K.K. displays a gold bar at the company's store in Tokyo, file. REUTERS/Issei Kato

JOHANNESBURG (Reuters) – South Africa’s net foreign reserves rose to $42.414 billion in July from $42.235 billion in June, the Reserve Bank said on Monday.

Gross reserves fell to $46.746 billion from $47.352 billion, the central bank data showed.

The forward position, which represents the central bank’s unsettled or swap transactions, increased to $3.113 billion from $2.464 billion.

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