South African Net Reserves Rise In June

 @ibtimes
on July 07 2009 2:53 AM

RTTNews - South Africa's net reserves totaled US$34.57 billion at the end of June, up slightly from US$34.5 billion in May, the South African Reserve Bank said Tuesday.

During the month, the foreign exchange reserves increased to US$31.98 billion from US$31.94 billion in May, while the gross reserves decreased to US$35.7 billion from US$35.8 billion. The gold reserves stood at US$3.7 billion, down from US$3.9 billion in the preceding month.

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