South Africa’s Net Foreign Reserves Increase to $61.733 Billion in February

In February, South Africa’s net foreign reserves rose to $61.733 billion, up from $61.328 billion in January. Gross reserves increased to $66.264 billion, with the forward position climbing slightly to $0.531 billion.

As of the end of February, South Africa’s net foreign reserves reached $61.733 billion, reflecting an increase from January’s total of $61.328 billion, according to data released by the central bank on March 7, 2025. Concurrently, gross reserves also saw an uptick, rising to $66.264 billion from $65.876 billion in the previous month. Additionally, the forward position, indicative of the central bank’s unsettled or swap transactions, experienced a slight increase to $0.531 billion from $0.529 billion.

The reported rise in South Africa’s net foreign reserves indicates a strengthening of the nation’s financial position. Both gross reserves and the forward position have shown positive trends, contributing to a more robust economic outlook.

Original Source: www.zawya.com