South Africa September Gold & Foreign Exchange Reserves

Following is a summary of September gold and foreign exchange reserves for South Africa from the South African Reserve Bank in Pretoria:

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                              Sept.   Aug.   July   June    May  April  March
                               2011   2011   2011   2011   2011   2011   2011
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                           ------------------ Levels (USD) ------------------
Gold reserves*                6,514  7,341  6,498  6,060  6,169  6,177  5,756
Foreign exchange reserves    40,419 41,233 40,747 41,119 41,102 41,529 40,675
Gross reserves               49,725 51,449 50,108 50,041 50,119 50,602 49,266
Foreign currency deposits**  -8,008 -8,125 -8,160 -8,325 -8,405 -8,503 -8,628
Forward position***           6,212  5,801  5,926  5,446  4,151  3,940  4,087
Net reserves                 47,930 49,125 47,874 47,162 45,864 46,039 44,725
                           -------------------- Change ----------------------
Gold reserves*                 -827    843    438   -109     -8    421     78
Foreign exchange reserves      -814    486   -372     17   -427    854   1849
Gross reserves                -1724   1341    -68    -78   -483   1336   1955
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                              Sept.   Aug.   July   June    May  April  March
                               2011   2011   2011   2011   2011   2011   2011
==============================================================================
Foreign currency deposits**     117     35    165     81     98    125  -2041
Forward position***             412   -125    480   1295    210   -147     36
Net reserves                  -1195   1251    712   1298   -175   1314    -50
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NOTE: End of month levels. 
      * = Gold in US dollar terms is reflected at middle market rates.
          For reporting purposes all foreign currency figures have been
          converted to US dollar at middle market rates at month end.
      ** =  foreign currency deposits received
     *** = The forward position is made up of outstanding forward and unsettled
          foreign currency spot transactions.
        Change calculated by the South African reserve bank, figures might
        not add due to rounding.

SOURCE: South African Reserve Bank

To contact the reporter on this story: Simbarashe Gumbo in Johannesburg at sgumbo3@bloomberg.net

To contact the editor responsible for this story: Marco Babic at mbabic@bloomberg.net