SA’s net foreign reserves rise to $43.6 in January

South Africa’s net foreign reserves rose to $43.589 billion in January from $43.09 billion in December, the Reserve Bank said on Thursday.

Gross reserves edged lower, decreasing to $50.832 billion from $51.64 billion previously, the central bank data showed.

The forward position, which represents the central bank’s unsettled or swap transactions, rose to $1.382 billion in January from $145 million in the previous month.