South Africa’s net foreign reserves fall to $54.980 billion in Sept

JOHANNESBURG (Reuters) – South Africa’s net foreign reserves fell to $54.980 billion by the end of September from $55.444 billion in August, central bank data showed on Friday.

Gross reserves decreased to $61.131 billion in September from $61.998 billion in August.

The forward position, which represents the central bank’s unsettled or swap transactions, fell to $0.511 billion from $0.515 billion.

(Reporting by Tannur Anders and Bhargav Acharya; Editing by Mark Potter)

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