Smoke rising from an Eskom power station The Department of Electricity and Energy says Eskom’s financial position remains solvent. Senior officials from the department briefed Parliament’s Portfolio Committee on among others, the third quarter financial performance for 2025/26 of entities it oversees. The department’s Deputy Director-General for Energy Enterprises Dr Kubeshnie Bhugwandin added that liquidity…
Model of Oil barrels are seen in front of rising stock graph in this illustration, July 24, 2022. Shares in Asia fell broadly on Thursday, as oil prices leapt 9% to above $100 a barrel on reports of more ships being hit in Gulf waters and the closure of oil terminals – a jump that…
Qatar Energy Shell, the world’s largest liquefied natural gas trader, has declared force majeure on LNG cargoes it buys from QatarEnergy and sells to its clients worldwide, three sources told Reuters on Wednesday. Qatar, the world’s second-largest exporter of LNG, announced a production halt at its 77 million tons per annum (mtpa) facility last week…
The war has disrupted key shipping routes through the Strait of Hormuz European shares declined on Wednesday as investors weighed the economic fallout from the 12-day Middle East war and digested a slate of mixed corporate updates. The pan-European benchmark STOXX 600 fell 1% to 600 points by 0927 GMT with most major sectors in…
Saftu General Secretary, Zwelinzima Vavi addresses an audience. The South African Federation of Trade Unions (Saftu) says the latest Gross Domestic Product (GDP) figures show that South Africa’s economy is in deep trouble. The federation has further warned that the government’s projection that the economy will grow by 1.6% this year is a pipe dream….
An attendant pours petrol into a car. The Organisation Undoing Tax Abuse (OUTA) has called on government to delay the increase in fuel levies set to take place on the 1st of next month. This follows new data from the Central Energy Fund which suggests motorists may see one of the largest monthly fuel increases in the country’s history due…
Luojiashan tanker sits anchored in Muscat, as Iran vows to close the Strait of Hormuz, amid the U.S.-Israeli conflict with Iran, in Muscat, Oman, March 7, 2026. Oil prices plummeted by more than $10 a barrel on Tuesday after soaring to an almost four-year high in the previous session after US President Donald Trump predicted…
Gauteng Economic and Finance MEC Lebogang Maile tables the provincial budget at the Gauteng Legislature on 10 March 2026. The 2026 Gauteng budget saw an increase of R3 billion in the 2026/27 financial year, representing a 2% year-on-year growth. Gauteng Economic and Finance MEC Lebogang Maile says the budget is designed to focus on addressing…
FILE | Fuel station in South Africa. The Mineral and Petroleum Resources Department says there is no immediate risk of fuel shortages in the country. The Department says it is in continuous contact with local oil companies to ensure the stability and security of fuel supply. According to a statement released on Tuesday night, the…
South African money, notes and coins. South Africa has recorded positive economic activity in the fourth quarter of 2025 increasing by 0.4%, following a 0.5% increase third quarter of last year. The latest Gross Domestic Product (GDP) data released by Stats SA was largely in line with analysts expectations. Full-year growth for the economy expanded…
