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Good news for SA motorists! Huge 91c fuel price drop – AA

By: News24Wire      14th June 2019 Retreating oil prices have painted a rosier picture for South African fuel users than has been the case for much of 2019.  This is according to the Automobile Association which was commenting on unaudited mid-month fuel price data released by the Central Energy Fund. At this stage of the month,... 

Risk of South African economy hitting recession in 2019 high, says Moody's  

By: News24Wire      6th June 2019 The odds that the South African economy could experience a technical recession in 2019 are high, according to Moody's. The ratings agency released its latest Global Macro Outlook on Thursday. The quarterly Global Macro Outlook presents its latest growth forecasts and assesses the impact of the... 

Mantashe on fuel prices: SA could have a reprieve in July 

By: News24Wire      5th June 2019 There could be a reprieve from fuel price hikes in July, Minister of Mineral Resources and energy Gwede Mantashe has said. Recent fuel price hikes are due to "local and international factors" including the carbon tax levy, effective from June 1, 2019. However, he said, "Going forward, the... 

Efora reports ‘disappointing’ full-year results

By: Nadine James     3rd June 2019 A below-par performance from its key business, Afric Oil, resulted in “disappointing” financial results for JSE-listed oil and gas company Efora Energy for the year ended February 28. The company on Monday reported a net loss of R579.9-million, a loss per share of 69.91c and a headline loss a... 

Canadian resource companies investing abroad at record levels

By: Bloomberg     31st May 2019 Canadian resource companies are choosing to invest abroad at record levels, amid waning global interest in the nation’s energy and mining assets. Statistics Canada reported Thursday that Canadian-based energy and mining companies invested a net C$15.5-billion outside of the country in the first... 

Supportive policy and infrastructure needed to improve agricultural harvest

By: Marleny Arnoldi     10th May 2019 Variable climatic conditions, macroeconomic fluctuations, trade wars and land reform policy uncertainty will remain some of the biggest factors impacting on the South African agriculture sector for the foreseeable future, according to the Bureau for Food and Agricultural Policy’s (BFAP’s)... 

Supportive policy and infrastructure needed to improve agricultural harvest

By: Marleny Arnoldi     10th May 2019 Variable climatic conditions, macroeconomic fluctuations, trade wars and land reform policy uncertainty will remain some of the biggest factors impacting on the South African agriculture sector for the foreseeable future, according to the Bureau for Food and Agricultural Policy’s (BFAP’s)... 

Hefty rise in petrol price for May

By: African News Agency      29th April 2019 The price of both grades of petrol - 93 octane and 95 octane unleaded and lead replacement petrol - will increase by 54c/l with effect from midnight on Tuesday, the energy department has announced. Diesel 0.05 percent sulphur will increase by 1c/l, while the price of diesel 0.005 percent sulphur... 

Stable oil price drives investment in burgeoning African oil, gas sector

By: Nadine James     25th April 2019 Africa is likely to experience continued oil and gas investment over the next three to five years as the stabilisation of crude prices above $60/bl, coupled with the continent’s rapidly expanding population, lure oil producers to one of the last remaining energy investment frontiers, Standard... 

World's central banks want more gold as India joins spree

By: Bloomberg     24th April 2019 India’s central bank is likely to join counterparts in Russia and China scooping up gold this year, adding to its record holdings and lending support to worldwide bullion demand as top economies diversify their reserves. The Reserve Bank of India’s purchases are part of a wider picture across... 

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