South Africa’s net foreign reserves slips to $43.178bn in May

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South Africa’s net foreign reserves dipped to $43.178 billion in May from $43.245 billion in April, the Reserve Bank said on Friday.

Gross reserves fell to $48.329 billion at the end of May from $49.538 billion in the prior month, central bank data showed.

The forward position, which represents the central bank’s unsettled or swap transactions, was $1.152 billion in May from $1.874 billion in April.