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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

SA’s reserves rise to over $50bln

Posted on 10 May 2011

South Africa’s gold and foreign assets increased $1.336 billion to $50.602 billion in April from $49.266 billion in March, data released by the SA Reserve Bank (SARB) on Monday showed.
Absa Capital economist Jeff Schultz suggested that the “more modest-than-expected” foreign exchange purchases by the SARB in April possibly meant some level of comfort among policymakers that the current firmer rand was helping provide a buffer to the rapid rise in commodity prices in April. The rapid increase in commodity prices, especially of food and oil, posed upward risks for inflation……………………………………….Full Article: Source


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