Oil prices plunge and shares jump on US-Iran ceasefire plan
GLOBAL oil prices have fallen sharply and stock markets have jumped after the US and Iran agreed to a conditional two-week ceasefire deal that includes the reopening of the key…
GLOBAL oil prices have fallen sharply and stock markets have jumped after the US and Iran agreed to a conditional two-week ceasefire deal that includes the reopening of the key…
By Mpho Hlakudi and Khuleko Siwele, Bloomberg South Africa’s rand soared, government bond yields tumbled and stocks jumped the most in six years as investors piled back into emerging-market assets that…
By Anthony Osae-Brown, Bloomberg Nigeria doubled crude supply to Dangote Refinery in March as Africa’s top oil producer moved to shore up fuel availability after the Iran war disrupted Middle East…
By Ntando Thukwana, Bloomberg The Iran war has clouded the outlook for the South African economy, which had entered its longest period of economic expansion since 2018, the country’s central bank…
By Hein Kaiser, The Citizen South African Airways (SAA) received a quiet government bailout of more than R1 billion in the 2024-25 financial year, contributing to its healthy profit announcement. The…
Gold steadied after its first weekly gain since the Middle East conflict began, as dip-buyers supported prices while the market awaited clarity on the duration of the conflict. Bullion recovered…
Oil prices have fallen after US President Donald Trump said negotiations to end the war were progressing, while Iran said “non-hostile” vessels could pass through the Strait of Hormuz. Brent crude fell by 5% to just under $100 (£74.62) a barrel on Wednesday. Trump said on Tuesday that talks to end the war were happening…
Coca-Cola HBC Finance BV is raising at least €1.5 billion ($1.7 billion) of debt on Thursday to help fund an acquisition of another drinks bottling firm. The finance entity of…
Botswana-based Choppies Enterprises reported resilient top-line for the six months ended 31 December 2025, with revenue increasing 8.6% to BWP5.1 billion (R6.3 billion). However, the retailer’s bottom line came under…
Markets are underpricing the supply shock stemming from the interruption of oil flows through the Strait of Hormuz. Rates are too low, equities too high and the dollar not strong…
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