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    Standard Chartered appoints Ebenezer Twum Asante as Chairman of Board of Directors

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South Africa’s net reserves rise to $40.826 billion in June

bycitibusinessnews
July 7, 2016
in Southern Africa
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South Africa’s net gold and foreign exchange reserves rose to $40.826 billion in June from $40.48 billion in May, Reserve Bank data showed on Thursday.

Gross reserves rose to $46.366 billion from $46.081 billion previously, the central bank said.

The forward position, which represents the central bank’s unsettled or swap transactions, edged down to $1.616 billion in June from $1.64 billion in May.

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Credit: CNBC Africa

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