MONDAY, 9.00AM
ECONOMISTS reacted positively to Reserve Bank figures released at the weekend which showed that foreign exchange reserves had risen to R14,4-billion at the end of April, up 9,9% from the end of March.
More details, including the breakdown between gold and forex will only be made available this Thursday. But the bank said that the use of foreign credit lines had remained unchanged at the end of April at R2,5-billion, and it did not have to draw on any of its credit lines, unlike the previous two months.