South Africa's net foreign reserves rise to $41.728 bln in April

South Africa's net foreign reserves rise to $41.728 bln in April - REUTERS

South Africa's net foreign reserves rise to $41.728 bln in April - REUTERS

JOHANNESBURG May 8 (Reuters) - South Africa's net foreign reserves rose to $41.728 billion in April from $41.419 billion in March, the Reserve Bank said on Monday.

Gross reserves also increased, to $46.69 billion from $46.588 billion, the central bank data showed.

The forward position, which represents the central bank's unsettled or swap transactions, edged up to $2.893 billion in April from $2.867 billion in the previous month. (Reporting by Mfuneko Toyana; Editing by Tiisetso Motsoeneng)

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