S’Africa’s April Net Reserves Dip To $48.823bn

South Africa’s net gold and foreign exchange
reserves stood at 48.823 billion dollars at the end of April from 48.912
billion dollars in March, data from the central bank showed on Tuesday.

Gross reserves also fell to 49.942 billion
dollars from 50.68 billion dollars in March, the bank said in a statement
posted on its website.

The forward position, which represents the
bank’s unsettled spot or swap transactions, was at 6.409 billion dollars in
April compared with 7.037 billion dollars previously.