Category: BUSINESS
Oil prices jump 4% as fresh US-Iran fighting stokes supply fears – SABC News
Oil prices jumped about 4% to a one-week high on Tuesday as a resumption in fighting between the US and Iran renewed fears of supply disruptions from the Middle East.
Read MoreUS urges G20 to cut trade imbalances, focus on China – SABC News
The Trump administration urged other G20 countries on Tuesday to do more to protect their domestic industries and job markets from Chinese imports, arguing such distortions were “sucking” much-needed growth
Read More‘Sharp increase in diesel driven by export restrictions from Russia’
The Director of Fuel Pricing at the Department of Mineral and Petroleum Resources, Robert Maake, says the sharp increase in diesel prices is being driven by the ongoing restrictions on
Read MoreG20 finance chiefs meet in US without South Africa
G20 finance ministers and central bank governors are meeting in Asheville, North Carolina, with United States (US) Treasury Secretary Scott Bessent. They are pushing for greater international cooperation on economic
Read MoreEskom profits more than double to R30bn in 2025/26 – SABC News
Eskom has reported improved financial and operational performance for the 2025-26 financial year, as profit after tax more than doubled from a previous R14 billion to R30 billion. The power utility
Read MoreFuel prices set to increase on Wednesday
The Department of Mineral and Petroleum Resources has announced that both grades of petrol will increase on Wednesday by R1.34 per litre. Diesel prices will also rise substantially by R3.14
Read MoreSARB launches R2 coins honouring Charlotte Maxeke and 1956 women – SABC News
The South African Reserve Bank (SARB) has officially launched two new two-rand coins to commemorate and celebrate the legacies of Charlotte Maxeke and the women who led and participated in
Read MoreACSA says jet fuel supplies remain stable
The Airports Company South Africa (ACSA) has confirmed aviation jet fuel supply remains stable, with up to six days of stock at OR Tambo International Airport. The reassurance comes after
Read MoreIllovo disappointed by lower sugar protection price
One of the biggest South African sugar companies Illovo Sugar South Africa has expressed disappointment that the increase in the Dollar-Based Reference Price gazetted on Friday is only about half
Read MorePPI falls to 5.7% due to lower fuel prices
Producer Price Inflation (PPI) has fallen sharply for a second straight month in July, reflecting lower fuel prices. Statistics South Africa’s Producer Price Index dropped to 5.7% year-on-year from 7.5%
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