South Africa’s net foreign reserves increased to $61.733 billion in February 2025, up from $61.328 billion in January. Gross reserves also rose to $66.264 billion. Additionally, the forward position improved to $0.531 billion from $0.529 billion, indicating positive trends in the country’s financial management.
As of the end of February 2025, South Africa’s net foreign reserves have increased to $61.733 billion, up from $61.328 billion in January, according to data from the central bank released on March 7, 2025. This growth reflects the nation’s efforts to bolster its financial position in the global market.
In addition to the rise in net reserves, the gross reserves also showed an increase, climbing to $66.264 billion in February from $65.876 billion in the previous month. This positive trend indicates a strengthening of South Africa’s foreign asset position and financial stability.
Moreover, the forward position, which accounts for the central bank’s unsettled or swap transactions, has risen marginally to $0.531 billion from $0.529 billion. These metrics provide insights into the management of the nation’s foreign exchange resources.
In summary, South Africa has experienced an increase in its net foreign reserves, rising to $61.733 billion at the end of February 2025. The gross reserves also showed growth, reaching $66.264 billion. Additionally, the forward position has seen a slight increase, underscoring the central bank’s ongoing efforts to manage and enhance the nation’s foreign financial resources efficiently.
Original Source: www.zawya.com
