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News
Rising oil prices could push up fuel costs
1+ hour, 11+ min ago (128+ words) JOHANNESBURG - Oil prices are starting the week on a strong note. Brent crude has climbed above $97 a barrel, nearing a three-month high. US-Iran tensions have escalated after both sides targeted vessels linked to each other, raising fears of disruption to…...
Cost-of-living squeeze deepens as electricity, water and fuel prices surge
4+ hour, 18+ min ago (227+ words) JOHANNESBURG - South African households are facing mounting pressure as the cost of essential services and transport continues to rise faster than inflation. The latest Competition Commission Cost of Living Report shows electricity prices increased by 8.1 percent in the year to…...
Rand holds firm as Consumer Price Inflation eases
2+ week, 4+ day ago (98+ words) JOHANNESBURG - The rand has traded near its strongest level since March, benefiting from a weaker US dollar and firmer precious metal prices. The local currency held around R16.10 to the dollar, supported by improved risk sentiment and stronger commodity prices. Investors…...
Food inflation falls to lowest level since 2010
2+ week, 4+ day ago (93+ words) JOHANNESBURG - Food inflation has fallen to a 16-year low. Food prices rose by less than a percent in July. The last time that happened was in the middle of 2010, when South Africa was hosting the World Cup. READ: Grain harvest…...
SA business confidence climbs to four-month high
2+ week, 5+ day ago (110+ words) JOHANNESBURG - South African business leaders are feeling more positive. The Chamber of Commerce and Industry’s business confidence index climbed above 125 in July,its highest in four months. Business confidence kicked off the year above 130, a level not seen in recent…...
Trump sued over sale of access to Truth Social posts
3+ week, 4+ day ago (335+ words) WASHINGTON - Two US media groups on Wednesday sued President Donald Trump over his move to charge for early access to his often market-moving Truth Social posts. The lawsuit, filed in New York by The Intercept and Freedom of the Press…...
Oil extends gains and stocks fall on fresh Hormuz worries
1+ mon, 6+ hour ago (464+ words) HONG KONG - Oil prices extended gains and stocks fell further on Friday amid fading optimism over a deal to reopen the Strait of Hormuz, as reports said Iran was planning to block US and Israeli ships from the waterway as…...
SA private sector growth returns, but demand remains weak
1+ mon, 23+ hour ago (126+ words) JOHANNESBURG - South Africa's private sector returned to modest growth in July, helped by easing inflationary pressures and a recovery in business activity. Data from S&P Global shows the Purchasing Managers' Index was 50.3 in July, signalling a slight improvement in…...
Exports lift trade surplus to nearly R18bn in June
1+ mon, 4+ day ago (116+ words) JOHANNESBURG - South Africa's surplus widened to nearly R18 billion in June. This was attributable to exports of R193.6 billion against imports of R175.8 billion. Stronger sales of vehicles, chemicals, food products, and precious metals drove export growth. Imports declined as purchases of mineral…...
Mining at Impala Platinum temporarily suspended
1+ mon, 1+ week ago (126+ words) JOHANNESBURG - Impala Platinum has temporarily suspended mining at its Rustenburg operations following a rise in serious safety incidents. Mining at the complex will be suspended until 28 July to carry out a comprehensive safety reset. Implats says it wants to strengthen…...