SA’s net foreign reserves slip to $42.194bn in October

South Africa’s net foreign reserves fell to $42.194 billion in October from $42.227 billion in September, the Reserve Bank said on Wednesday.

Gross reserves also edged lower, decreasing to $50.166 billion from $50.394 billion, the central bank data showed.

The forward position, which represents the central bank’s unsettled or swap transactions, fell to $1.347 billion in October from $1.41 billion in the previous month.