Johannesburg - South Africa's net gold and foreign exchange
reserves fell to $48.431bn at the end of November from $48.626bn in October,
data from the Reserve Bank showed on Friday.
Gross reserves rose to $50.813bn in November from $50.678bn
in October while the forward position, which represents the bank's unsettled
spot or swap transactions, fell to $5.320bn from $5.595bn in October.
Follow Fin24 on Twitter, Facebook, Google+ and Pinterest