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06 Sep 2013

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SA net reserves rise

Reuters

Johannesburg - net gold and foreign exchange reserves rose in August to $45.588bn from $45.176bn in July, data from the South African Reserve Bank (Sarb) showed on Friday.

Gross reserves climbed more than expected to $47.947bn from $47.319bn in July while the forward position, which represents the bank's unsettled spot or swap transactions, decreased to $4.009bn.

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