Oil Price
latest news & developmentsExplainer: What forces will shape South Africa’s economy in 2023?
Economy hitting geopolitical tensions, pressure on consumers and load-shedding will likely stick around
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
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
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
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
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
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
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
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
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.
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…
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…