SA foreign exchange reserves increase to record high
The accumulation of gross reserves bodes well for the country’s import cover level
09 May 2022 - 11:28
Foreign exchange reserves in SA increased to a record high of $60.28bn in April from $58.16bn in March.
The SA Reserve Bank said in a statement on Monday that the rise was mainly due to the proceeds received from foreign borrowings amounting to $3bn. ..
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now