SA’s net foreign reserves fall to $44.7bn in March

South Africa’s net foreign reserves fell to $44.774 billion in March from $45.358 billion in February, Reserve Bank data showed on Tuesday.

Gross reserves also fell, to $52.458 billion from $54.710 billion. The forward position, representing the central bank’s unsettled or swap transactions, decreased to a balance of $631 million in March after a positive balance of $642 million previously.