Luke Pachymuthu

Government pension fund to invest outside SA

Africa's largest retirement fund has considered diversifying almost $22-billion and investing in other emerging markets in Africa and overseas.

Opec set to rebuff consumer appeal for more oil

The Organisation of the Petroleum Exporting Countries (Opec) on Thursday looked set to rebuff consumer calls for more crude oil, saying it was powerless to help stave off recessionary pressures in the West. Enjoying a sixth year of crude price gains, Opec argues it can do little to help avoid a slowdown in the United States, its leading customer.

Iran talks with China on strategic oil reserves

Iran is in discussions to store strategic oil in China and to build refineries around Asia, Oil Minister Kazem Vaziri-Hamaneh said on Monday, as it seeks secure outlets for its crude in the face of Western economic sanctions. China's crude imports from Iran are up 11% in the first four months of the year.

Press Releases