Fed officials say the central bank will ‘stick to its guns’, despite softening inflation
US retailers stocked up on goods last autumn and winter only to face a demand downturn as consumers divert spending to increasingly expensive fuel and food
Livhuwani Tshiwalule said the draft report was “substantially” complete when former Public Protector Madonsela left but major changes were made to it after Busisiwe Mkhwebane took over
The premier announced her cabinet after a meeting with the ANC’s deployment committee and its alliance partners
The UK shopping centre owner says rent collection has returned to pre-Covid-19 levels, while it is seeing encouraging signs for retailer turnover
The mining sector has been under pressure in 2022 due to load-shedding, a three-month strike in the gold sector and infrastructure bottlenecks
The improved sentiment is a result of increased merchandise export and import volumes and more new vehicles sold, Sacci report says
Beijing extended its ban on Taiwan’s seafood a day after Nancy Pelosi's arrival
Fiery hooker comes in as coach Jacques Nienaber reshuffles front row for All Blacks showdown
The Italian SUV outguns the Bentley Bentayga's record
The rand, Asian markets and oil cheered the announcement of a truce in the trade war between the US and China following talks at the weekend’s Group of 20 (G20) meeting in Buenos Aires.
Brent crude oil rebounded 5.6% to $62.39 a barrel and West Texas Intermediate (WTI) was up 5.9% to $53.63 a barrel on Monday morning, indicating a good day for Sasol and other oil-related shares.
In Sydney, BHP was up 3.78% to A$31.85 ahead of the JSE’s opening.
Fortunately for South African motorists, Monday’s oil rally will not translate into higher prices until at least January. On Saturday, the government committee that sets fuel prices, which take effect on the first Wednesday of every month, announced petrol prices will drop R1.84/l on December 5, taking the price of 93 octane in Gauteng to R15.01/l.
The wholesale price of diesel will drop R1.45 to R14.67/l.
After weakening to R13.93/$ on Friday night, the rand was nearly back to last week’s level, trading at R13.70/$, R15.55/€ and R17.50...
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email firstname.lastname@example.org or call 0860 52 52 00. Got a subscription voucher? Redeem it now
Would you like to comment on this article? Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.