Net reserves dip in July

Johannesburg - Net gold and foreign exchange reserves slipped to $41.007bn in July from $41.59bn in June, the SA Reserve Bank said in a report on Friday.

Gross reserves also fell, to $45.823bn from $46.829bn previously. The forward position, which represents the central bank's unsettled or swap transactions, was at $2.553bn from $2.298bn.