Alexander Winning

Johannesburg

Deputy Breaking News Editor, Sub-Saharan Africa at Reuters

Deputy breaking news editor, Sub-Saharan Africa @Reuters. [email protected]

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Articles

Ethiopia, IMF staff agree programme review that could unlock $260m

3 weeks ago | timeslive.co.za | Alexander Winning

02 June 2025 - 12:51 Just R20 for the first month. Support independent journalism by subscribing to our digital news package. Once approved by the IMF's executive board, Ethiopia will gain access to another $260m (R4.65bn) in financing. File photo. Ethiopia and the International Monetary Fund (IMF) have reached a staff-level agreement on the third review of the country's $3.4bn (R60.83bn) loan programme from the lender, the fund said on Friday.
Ethiopia, IMF staff agree programme review that could unlock $260mln

4 weeks ago | zawya.com | Alexander Winning

Ethiopia and the International Monetary Fund have reached a staff-level agreement on the third review of the country's $3.4 billion loan programme from the lender, the Fund said on Friday. Once approved by the IMF's Executive Board, Ethiopia will gain access to another $260 million in financing. "The (Ethiopian) authorities' policy actions in the first year of the programme have yielded strong results.
South African rand holds gains after Sarb focuses on lower inflation target

4 weeks ago | bizcommunity.com | Alexander Winning

2 days7 days30 daysBy Industry Show moreAdvertise your job vacancies The South African rand held most of the previous day's gains in early trade on Friday, 30 May 2025 after the central bank stressed its strong preference for a lower inflation target at a monetary policy announcement. The South African Reserve Bank (Sarb) presented detailed modelling of the impact of a 3% inflation target, compared to the 4.5% level it aims for at the midpoint of its current 3% to 6% target range.
Buffeted by Trump, South Africa's Ramaphosa praised for keeping his cool

1 month ago | thestar.com.my | Olivia Kumwenda-Mtambo |Alexander Winning

JOHANNESBURG (Reuters) -Facing a barrage of debunked claims from U.S. President Donald Trump that white people were being persecuted in his country, South African President Cyril Ramaphosa remained composed, pushed back politely and even tried to joke with Trump. Ramaphosa may have drawn on his experience as the African National Congress's lead negotiator in talks that led to the peaceful end of apartheid in 1994 during Wednesday's televised confrontation in the Oval Office.
South African rand slips after unemployment rate rises

1 month ago | zawya.com | Sfundo Parakozov |Alexander Winning |Mark Potter

JOHANNESBURG: South Africa's rand slipped on Tuesday after data showed the country's unemployment rate rose in the first quarter of this year. At 1513 GMT, the rand traded at 18.355 against the dollar , about 0.6% weaker than its previous close. South Africa's official unemployment rate - one of the highest in the world - rose to 32.9% from 31.9% in the final quarter of last year. Unemployment has been on the rise since 2016 and has been stuck above 30% for the past five years.
South African Inflation Slows Sharply in March

2 months ago | gurutrade.com | Bhargav Acharya |Sfundo Parakozov |Alexander Winning

JOHANNESBURG, April 23 (Reuters) - South Africa's headline consumer inflation fell more sharply than expected in March, to 2.7% year on year from 3.2% in February, data from the statistics agency showed on Wednesday. Economists polled by Reuters had forecast annual inflation would slow to 2.9%, just below the bottom of the South African Reserve Bank's 3% to 6% target range.
S.African Rand Recovers Further on Bets Coalition will Hold

2 months ago | gurutrade.com | Tannur Anders |Alexander Winning |Ros Russell

JOHANNESBURG, April 15 (Reuters) - The South African rand extended gains in early trade on Tuesday, bolstered by bets that the country's coalition government will remain intact despite disagreements over the budget. At 0725 GMT the rand traded at 18.84 against the U.S. dollar , about 0.4% firmer on the day. The rand fell to a record low last Wednesday on risk aversion over U.S. President Donald Trump's trade war and concerns that South Africa's national unity government could split.
South Africa's Rand Gains on Report ANC may Scrap VAT Hike

2 months ago | gurutrade.com | Tannur Anders |Alexander Winning |Bernadette Baum

JOHANNESBURG, April 14 (Reuters) - The South African rand strengthened on Monday, boosted by a news report that the country's biggest political party may back down on a plan to raise value-added tax (VAT) and dollar weakness on global markets. At 0845 GMT, the rand traded at 18.9150 against the dollar , about 1.2% firmer than Friday's closing level.
ZAR Recovers some Ground with Coalition's Future Focus

2 months ago | gurutrade.com | Sfundo Parakozov |Wendell Roelf |Alexander Winning |Alex Richardson

JOHANNESBURG, April 8 (Reuters) - South Africa's rand strengthened in early trade on Tuesday, recovering some of the ground it lost a day earlier, with the future of the country's multi-party government the main focus. At 0706 GMT, the rand traded at 19.44 against the dollar , 1% firmer on the day after falling about 2.7% on Monday.
South African Rand Hits Lowest in over a Year, Stocks Slide

2 months ago | gurutrade.com | Sfundo Parakozov |Alexander Winning |Joe Bavier

JOHANNESBURG, April 7 (Reuters) - The South African rand slumped to its weakest in well over a year on Monday and local stocks extended their recent slide as global recession fears mounted over U.S. President Donald Trump's sweeping tariffs. At 0815 GMT, the rand traded at 19.4025 against the dollar , down 1.5% on Friday's closing level after earlier touching its weakest since October 2023.