South Africa's net foreign reserves rose to $58.287 billion at the end of May, from $57.851 billion in April, central bank data showed on Friday.

Gross reserves increased to $62.087 billion in May from $61.795 billion in April. The forward position, which represents the central bank's unsettled or swap transactions, rose to $0.516 billion from $0.508 billion.

(Reporting by Tannur Anders Editing by Alexander Winning)