Do investment summits deliver for SA?
Iran ceasefire masks ongoing war risk. Is Trump hinting at an escalation in the Iran war, and what does that mean for the global economy? And how a 20% levy could change South Africa’s online gambling scene.
South Africa leads rebound in emerging markets hit by Iran conflict
The rand led gains as it surged as much as 2.6%, the most on an intraday basis since November 2023.
South Africa accredits new US envoy amid tensions with Trump
Bozell and envoys from 19 other nations, including Cuba, Lebanon, Zimbabwe and Ukraine, were formally accredited at a ceremony in Pretoria, the capital, on Wednesday, enabling them to fully assume their duties.
JSE jumps 5% and rand over 2% on Trump-Iran ceasefire
Most international stock markets rebounded strongly, while the oil price plunged to around $95 a barrel.
Oil and gas prices plunge after US and Iran agree to a ceasefire
Brent for June settlement dropped 13% to $94.72 a barrel at 9:13 a.m. in London.
Investing through the Iran conflict market volatility
Momentum head of asset allocation Herman van Papendorp expects ‘earnings growth momentum might be slightly slower than pre-Iran, but it's still going to be there, still going to be significant’.
Close Brothers says can handle costs of motor finance plan
Marking a boost for the London-listed firm after short-seller Viceroy Research claimed its provisions for compensation were too small.
Shipowners eye Hormuz truce with 800 vessels still trapped
The vital waterway has been virtually closed since US and Israeli strikes at the end of February prompted Iran to tighten its control, triggering an unprecedented energy-supply crunch.
Madagascar declares state of emergency over energy supply woes
Emerging economies in Africa and Asia have struggled to cope with the ripple effects of a weeks-long conflict in the Persian Gulf, including fuel shortages and soaring prices.
US and Iran agree to ceasefire hours before Trump deadline
Global benchmark Brent crude slid as much as 16% to $91.70 a barrel and European gas prices dropped 20%.