SA’s net foreign reserves fall to $43.3bn in March

South Africa‘s net foreign reserves fell to $43.266 billion in March from $43.659 billion in February, the Reserve Bank said on Friday.

Gross reserves also dropped, to $49.679 billion at the end of March from $50.836 billion previously, central bank data showed.

The forward position, which represents the central bank’s unsettled or swap transactions, was at $2.047 billion in March from $1.369 billion in the previous month.