S.African Gross Reserves Rise In August

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South Africa's gross reserves increased to US$37.9 billion at the end of August from US$35.7 billion in July, the South African Reserve Bank said Monday.

Foreign exchange reserves widened to US$34.1 billion from US$31.9 billion, while gold reserves rose slightly to US$3.79 billion from US$3.75 billion.

Meanwhile, the net international reserves totaled US$36.9 billion, up from US$34.6 billion in July.

(Market News Provided by RTTNews)