Economy
Economy
Oil prices retreat as investors weigh supply outlook, Middle East tensions
Oil prices fell more than 1% on Thursday as investors weighed risks to supply from attacks on shipping through the Strait of Hormuz against US efforts to
Eugene Buthelezi | Petrol at R30: the tank is full, but...
South Africa has crossed a painful fuel-price threshold. Petrol 95 unleaded now costs R30.25 a litre inland and R29.38 at the coast, over R1...
Reserve Bank boss Lesetja Kganyago in tense exchange with activist over...
South African Reserve Bank Governor Lesetja Kganyago has come under sharp criticism over the country's struggling economy.
The exchange, initiated by Kamvelihle Goba, who describes...
SARB’s bad news for motorists: Lower oil prices might not reduce...
Consumers are increasingly paying more for fuel not only because of higher oil prices but also because of a global shortage of refining capacity.
This...
The world has nearly burned through its oil stockpile buffer, executives...
By Robert Harvey, Stephanie Kelly and Shadia Nasralla LONDON, Oct 6 (Reuters) - The amount of oil in storage that is accessible to the global market is running…
Reserve Bank warns of further interest rate hikes as inflation risks...
The South African Reserve Bank (SARB) has warned that monetary policy may need to remain restrictive for longer and could be tightened further if...
World Bank raises Africa’s 2026 growth forecast, urges AI investments
The World Bank has raised Africa's 2026 economic growth forecast to 4.3%, citing stronger performance across the region, and urged governments to embrace artificial...
South Africa private sector contracts at fastest pace since December, PMI...
South Africa's private sector contracted in September at its fastest pace since December as new orders fell sharply and supply bottlenecks and fuel-driven cost
Rand slips as markets await October fuel price adjustment
The rand weakened in early trading on Monday as investors awaited the release of South Africa's latest purchasing managers' index (PMI) and the October...
Reserve Bank appoints seventh monetary policy committee member
South Africa's central bank has appointed economist Franz Ruch as an adviser to the governors and seventh member of its Monetary Policy Committee (MPC), it said on
Rand weakens ahead of manufacturing survey, car sales data release
The South African rand weakened in early trade on Thursday ahead of the release of a local manufacturing purchasing managers' index (PMI) and vehicle sales data for











