South Africa’s central bank says the country’s net foreign reserves rose to $43.091 billion by the end of December from $42.577 billion a month earlier.

Gross reserves rose to $51.641 billion from $50.672 billion over the same period. The forward position, which represents the central bank’s unsettled or swap transactions, shrunk to $145 million by the end of last month from $1.073 billion at the end of November.