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Israel

Israel is a country in the Middle East, located on the eastern shore of the Mediterranean Sea, bordered by Lebanon to the north, Syria to the north-east, Jordan to the east, Egypt to the south-west and the Palestinian territories. The capital is Jerusalem, though Tel Aviv serves as the country's economic and financial centre. Israel has a population of about nine-million people and operates as a parliamentary democracy. The economy is advanced and diversified, with key sectors including technology, pharmaceuticals, defence manufacturing, agriculture and diamond processing. Israel is a global leader in high-technology industries, particularly cybersecurity, software development and medical devices, earning it the nickname "Startup Nation". The currency is the new Israeli shekel. Major exports include cut diamonds, pharmaceuticals, machinery, chemicals and technology products. Israel is a member of the United Nations and the Organisation for Economic Co-operation and Development. Geopolitical tensions in the region, particularly involving Iran and Palestinian territories, periodically affect investor sentiment and economic stability. The country was established in 1948 and has since developed one of the most technologically sophisticated economies in the Middle East.

Israel Updates


US Secretary of State Marco Rubio
Hostilities flare in Iran war, oil jumps with talks at a stalemate
3rd June 2026 By: Reuters

Gulf hostilities flared again on Wednesday, with an Iranian missile attack damaging Kuwait's airport and the US military carrying out strikes near the Strait of Hormuz, as diplomacy between... 


Photo of Terence Creamer
Big and small pictures
29th May 2026 By: Terence Creamer

Much has been written in recent weeks about the geopolitical factors now driving the energy transition. Particular attention has been given to how the attack on Iran by the US and Israel, which... 


Reserve Bank Governor Lesetja Kganyago
South African central bank raises key rate by 25 basis points
28th May 2026 By: Reuters

South Africa's central bank raised its key interest rate by 25 basis points to 7% on Thursday, saying the decision was aimed at managing risks and ensuring that inflation returns to target. The... 


Talga coal mine
Chinese firms speed up plans to build new coal power plants - GEM
25th May 2026 By: Reuters

Chinese firms are accelerating the pace at which they propose new coal-fired power plants, even as the government moves to rein in growth after the rapid expansion in recent years. Companies... 


Consumer
South Africa consumer inflation quickens to 4.0% y/y in April
20th May 2026 By: Reuters

South African inflation accelerated sharply in April, increasing the likelihood that the central bank will hike interest rates when it meets to assess its monetary policy stance next week. Headline... 


Valterra Platinum CEO Craig Miller
Valterra Platinum says input inventories are healthy despite Middle East conflict
19th May 2026 By: Reuters

South Africa's Valterra Platinum has managed to maintain healthy inventory levels of critical operational inputs, such as diesel and lubricants, despite uncertainty created by the US-Israeli war on... 


IEA executive director Fatih Birol
IEA chief warns commercial oil inventories are depleting rapidly, only weeks left
18th May 2026 By: Reuters

Fatih Birol, head of the International Energy Agency, said on Monday that commercial oil inventories were depleting rapidly with only a few weeks' worth left due to the Iran war and the closure of... 


A pumpjack in Texas, in the US
Oil touches two-week high after drone attack on UAE nuclear power plant
18th May 2026 By: Reuters

Oil prices extended gains on Monday as efforts to end the Iran war appeared to have stalled, after a nuclear power plant in the United Arab Emirates came under attack and as US President Donald... 


Photo of Terence Creamer
Don’t waste the crisis
15th May 2026 By: Terence Creamer

South Africa is experiencing its third energy crisis of this decade. While electricity loadshedding has been a threat for far longer, the most extreme phase was definitely during 2022 and 2023,... 


SA's unemployment rate rose to 32.7%
SA's unemployment rate rose to 32.7%
15th May 2026

In the first quarter of 2026, South Africa’s unemployment rate rose to 32.7% from 31.4% in Q4 of 2025, according to data from Statistics South Africa. 


Coins
Goldman now sees two 2026 South Africa rate hikes because of war
14th May 2026 By: Bloomberg

Goldman Sachs expects South Africa to raise interest rates twice this year after previously seeing a series of cuts, as the Iran war fans inflation risks around the world. The bank forecasts... 


Indonesia coal heaps
Iran war gives small boost to thermal coal, further gains possible - columnist
5th May 2026 By: Reuters

Seaborne thermal coal prices in Asia rallied in the wake of the US and Israeli war against Iran, but the gains are modest and nowhere near the size seen during the crisis created by Russia's... 


An image of Foton's new range of bakkies and trucks
OEM promises sustainability, enhanced operationality
1st May 2026 By: Trent Roebeck

Light commercial vehicle original-equipment manufacturer (OEM) Foton affords small and medium-sized enterprises (SMEs) access to electric vehicle (EV) options to mitigate the impact of high fuel... 


Photo of Terence Creamer
Supply lines
1st May 2026 By: Terence Creamer

South Africa has not escaped the fuel price shocks associated with disruptions to shipping in the Strait of Hormuz energy corridor and the damage to refinery and other infrastructure in the Gulf.... 


Coal mine in India
Coal India beats quarterly profit estimates, country's power demand surges
30th April 2026 By: Reuters

State-owned miner Coal India reported a larger-than-expected quarterly profits on April 27, driven by higher prices and a pickup in demand from customers ahead of peak summer season, as a gas... 


An oil rig in Egypt
Brent oil rises 7% on report US considering military options to break Iran deadlock
30th April 2026 By: Reuters

Brent oil prices rose as much as 7% on Thursday on a report the US is considering potential military action against Iran to break the deadlock in negotiations to end the war, increasing concerns of... 


Gold bars
Bar and coin demand drove global gold demand to a record in the first quarter
29th April 2026 By: Lumkile Nkomfe

Gold demand, including over-the-counter (OTC) demand, increased by 2% year-on-year to 1 231 t for the quarter ended March 31, mainly as a result of higher bar and coin demand, the World Gold... 


AASA urges Southern African airline industry to be transparent about jet fuel supply plans
24th April 2026 By: Schalk Burger

Industry organisation the Airlines Association of Southern Africa (AASA) calls on fuel suppliers, depots, airports and governments in the region to urgently share their contingency fuel allocation... 


Rand Currency
South African rand steady as investors track stalled US-Iran talks, await local month-end data
24th April 2026 By: Reuters

The South African rand was steady in early trade on Friday, as stalled peace negotiations between the US and Iran dampened hopes for an immediate easing of Middle East tensions, while domestically... 


South Africa's diesel prices are expected to rise further
South Africa's diesel prices are expected to rise further
24th April 2026 By: Creamer Media Reporter

South Africa’s diesel price is set for another painful increase in May, driven by the ongoing US-Israel war against Iran and its knock-on effect on global oil markets. 


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