South Africa’s net reserves fall to $41.275 bln in March

JOHANNESBURG (Reuters) – South Africa’s net gold and foreign exchange reserves fell to $41.275 billion in March from $41.923 billion in February, data from the Reserve Bank showed on Thursday.

Gross reserves were also down at $46.437 billion from $47.19 billion and the forward position, which represents the central bank’s unsettled or swap transactions, fell to $2.702 billion from $2.771