Net foreign reserves rose to $45.7bn in June

South Africa’s net foreign reserves rose to $45.738 billion in June from $45.531 billion in May, the Reserve Bank said on Tuesday.

Gross reserves dipped to $52.320 billion at the end of June from $52.769 billion in the prior month, central bank data showed.

The forward position, which represents the central bank’s unsettled or swap transactions, dropped slightly to $555 million in June from $567 million in May.