South Africa's Nov net foreign reserves rise to $42.577 bln

JOHANNESBURG (Reuters) - South Africa’s net foreign reserves rose to $42.577 billion in November from $42.194 billion in October, the Reserve Bank said on Friday.

Gross reserves edged higher, touching $50.672 billion in November compared with $50.166 billion the previous month, the central bank data showed.

The forward position, which represents the central bank’s unsettled or swap transactions, dived to $1.073 billion from $1.347 billion in the previous month.