SA net reserves fall

[miningmx.com] — SOUTH Africa’s net gold and foreign exchange reserves fell to $48.633bn in November from $49.221bn in October, data from the Reserve Bank showed on Wednesday.

A Reuters poll showed the market was expecting net reserves to fall to $49.05bn in October.

Gross reserves decreased to $49.65bn in November from $50.345bn in October, against a market forecast of $50.295bn.