South Africa’s net foreign reserves rose to $45.358 billion while gross reserves jumped to $54.6bn in February Reserve Bank data showed on Friday.
Gross reserves increased from $54.613 billion at the end of January.
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The forward position, representing the central bank’s unsettled or swap transactions, increased to a balance of $642 million in February after a positive balance of $547 million previously.
South Africa entered a technical recession last week
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