Alexander Winning

1 week 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.

1 week 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.

2 weeks 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.

2 weeks 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.

2 weeks ago | gurutrade.com | Sfundo Parakozov |Alexander Winning |Elaine Hardcastle

JOHANNESBURG, April 4 (Reuters) - The rand fell further on Friday as investors worried about the impact of U.S. President Donald Trump's sweeping tariffs and the future of South Africa's coalition government. At 0840 GMT, the rand traded at 19.1225 against the dollar , down about 2% on Thursday's closing level and its weakest since mid-January. The South African currency has fallen more than 3% against the dollar this week, with bigger losses against currencies like the euro and pound.