South African Reserve Bank raises interest rate to 7%, warning that oil shocks, food inflation and global instability could drive prices higher
The US-Israel war on Iran is sending shockwaves through global energy, food and financial systems, exposing deep structural vulnerabilities in the world economy, according to the…
The Abu Dhabi National Oil Company is in advanced talks to acquire Shell’s South African downstream assets. The deal could reshape the country’s fuel retail sector and deepen…
As South Africa prepares to host the sixth SA Investment Conference, government leaders and economists say global instability, including tension in the Middle East, unexpectedly…
The department of mineral and petroleum resources has encouraged members of the public to continue purchasing fuel as usual and to rely on government communication for accurate…
Sub-Saharan Africa’s reliance on imported oil leaves countries exposed to economic shocks amid the escalating Middle East conflict. Rising crude and LNG prices threaten import…
With oil prices climbing to $120 a barrel and the Strait of Hormuz shut, analysts say the G7 missed a critical opportunity to push for peace in the escalating US-Israel-Iran…
From 7 January, 93-grade unleaded petrol will decrease by 62 cents a litre while 95-grade petrol will cost 66 cents less
Lower prices are good insofar as inflation is concerned but they suggest that economic troubles lie ahead
But prices are expected to remain higher for longer in the wake of a tighter oil market
The company’s earnings have soar given the energy crunch caused by Russia’s war on Ukraine — and it’s betting on another fossil fuel to carry it into the future
Labour unions have embarked on a nationwide strike over the high cost of living
Lesetja Kganyago defended the bank’s inflation-targeting regime amid criticism that it will do little to cushion consumers against external shocks
Consumer price inflation increased to 5.9% in March, up from 5.7% in February
Because of their lack of oil refineries, African countries become vulnerable to fluctuations on global markets
The rise in oil and food prices owing to Russia’s invasion of Ukraine is hitting poorer countries the hardest
Fuel prices have soared in response to Russia’s invasion of Ukraine, putting South Africa’s power supply at risk
Steep fuel price hikes are the result of higher levies, which came into effect this week, as well as a turbulent international oil market
Germany and China lead the way, and now South Africa is starting to see that renewable energy could be its ‘saviour’
A rapid price hike will result in South Africans paying more for food and transport.
