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South Africa's net foreign reserves rise to $43.940 bln in June

Credit: REUTERS/THOMAS WHITE

South Africa's net foreign reserves rose to $43.940 billion in June from $43.178 billion in May, the Reserve Bank said on Friday.

JOHANNESBURG, July 5 (Reuters) - South Africa's net foreign reserves rose to $43.940 billion in June from $43.178 billion in May, the Reserve Bank said on Friday.

Gross reserves also surged to $49.804 billion at the end of June from $48.329 billion in the prior month, central bank data showed.

But the forward position, which represents the central bank's unsettled or swap transactions, dropped to $376 million in June from $1.152 billion in May.

(Reporting by Olivia Kumwenda-Mtambo; Editing by Catherine Evans)

((Olivia.Kumwenda@thomsonreuters.com; +27 11 595 2817; Reuters Messaging: olivia.kumwenda.thomsonreuters.com@reuters.net))

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