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oil price

Explainer: What forces will shape South Africa’s economy in 2023?
Business
/ 5 January 2023

Explainer: What forces will shape South Africa’s economy in 2023?

Economy hitting geopolitical tensions, pressure on consumers and load-shedding will likely stick around

By Sarah Smit
Inflation rises, bucking expectations
Business
/ 23 November 2022

Inflation rises, bucking expectations

The increase will probably add to the South African Reserve Bank’s hawkishness, with analysts expecting another large repo rate hike on Thursday

By Sarah Smit
South African inflation hits the highest mark since 2009 joining global economy struggles against rising food and fuel prices
Business
/ 20 July 2022

South African inflation hits the highest mark since 2009 joining global economy struggles against rising food and fuel prices

Consumer inflation surged again, after piercing the South African Reserve Bank’s ceiling for the first time in five years

By Sarah Smit
Nigeria’s economy short circuits despite oil gains
Business
/ 6 April 2022

Nigeria’s economy short circuits despite oil gains

Africa’s largest oil producer has not been able to cash in fully on the price rally because of lacklustre production and its reliance on imported fuel

By Sarah Smit
Reserve Bank set to hike interest rates
Business
/ 23 March 2022

Reserve Bank set to hike interest rates

Consumer inflation is expected to remain close to the central bank’s 6% ceiling, amid war-induced oil price rally

By Sarah Smit
The business case for environment, social and governance criteria
National
/ 17 March 2022

The business case for environment, social and governance criteria

ESG performance presents an opportunity for involving communities in the decision-making process and reducing costs that might emerge down the line from litigation and fines

By Busisipho Siyobi and Vincent Obisie-Orlu
Shell announces it will exit Russia
Business
/ 8 March 2022

Shell announces it will exit Russia

The oil giant’s chief executive flagged the consequences of the West’s moves to disentangle itself from Moscow’s energy system

By Sarah Smit
New strategies are required to control food-price inflation
Opinion
/ 31 January 2022

New strategies are required to control food-price inflation

Food-price inflation has a direct effect on people’s lives — and it hits the poor the hardest

By Jayati Ghosh
Reserve Bank lifts rates again as high inflation takes its toll
Business
/ 27 January 2022

Reserve Bank lifts rates again as high inflation takes its toll

The monetary policy committee has voted to lift the repo rate by another 25 basis points as advanced economies mull policy tightening

By Sarah Smit
Sasol on ‘rollercoaster’ ride to a green future
Business
/ 4 October 2021

Sasol on ‘rollercoaster’ ride to a green future

Fleetwood Grobler, the petrochemical giant’s chief executive, says the company is transitioning from coal to gas and eventually to hydrogen.

By Sarah Smit
Will the oil price surge hurt South Africa’s recovery?
Opinion
/ 1 August 2021

Will the oil price surge hurt South Africa’s recovery?

Higher oil prices can increase the costs of living and doing business, and South Africa’s oil imports will also likely rise in the second half of 2021, but there are a few reasons to remain positive too

By Tertia Jacobs
Petro states: What happens when 30% of your national budget disappears in a decade?
Africa
/ 12 June 2021

Petro states: What happens when 30% of your national budget disappears in a decade?

As the demand for oil shrinks and prices collapse, Africa’s petro states — the likes of Angola, Nigeria, Egypt and Equatorial Guinea — will be left with massive holes in their budgets

By Sipho Kings

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