World Markets

South Africa's net foreign reserves rise to $44.6 bln in October

South Africa's net foreign reserves rose to $44.606 billion in October from $44.058 billion in September, Reserve Bank data on Thursday showed.

JOHANNESBURG, Nov 7 (Reuters) - South Africa's net foreign reserves rose to $44.606 billion in October from $44.058 billion in September, Reserve Bank data on Thursday showed.

Gross reserves fell to $54.529 billion at the end of October from $54.856 billion the previous month.

The forward position representing the central bank's unsettled, or swap, transactions swung to positive balance of $643 million in October after a negative balance of $78 million in the previous month.

(Reporting by Mfuneko Toyana; Editing by Himani Sarkar)

((mfuneko.toyana@thomsonreuters.com; +27117753153; Reuters Messaging: mfuneko.toyana.thomsonreuters.com@reuters.net))

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