- Middle East supply risks affecting South Africa's energy sector
- The Middle East war is driving up oil prices, influencing PPI data and SARB interest rate decisions in South Africa.
Escalation of hostilities between Iran and Israel is causing economic outlook impacts, prompting the South African Reserve Bank to react.
7 reports, 3 independent
Updated Jul 22
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New informationRepeats or wire copies
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What happened
Escalation of hostilities between Iran and Israel is causing economic outlook impacts, prompting the South African Reserve Bank to react.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Iran-Israel hostilities escalated, impacting the economic outlook and SARB policy.1 source
Kganyago announced policy in Pretoria as the US-Iran conflict dampens economic activity.1 source
Keep exploring
Part of
The Middle East war is driving up oil prices, influencing PPI data and SARB interest rate decisions in South Africa.Also in this story
- South Africa tables budget measures to counter oil price volatility amid ongoing geopolitical tensions in the Middle East.
- SARB introduces kwanza to the SADC settlement system while the US-Iran war drives up oil prices.
- Driven by Middle East tensions, the South African Reserve Bank is facing pressure to raise interest rates due to rising oil prices and inflation.
- The South African Reserve Bank is responding to geopolitical tensions from the Middle East by making rate decisions that are now impacting the commercial property market outlook and business costs.
Within Middle East supply risks affecting South Africa's energy sector
The entities involved
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
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South African Reserve Bank
central bank
Related events
- FED raises rates amid Middle East conflict, driving inflation and impacting mortgage rates and homebuilders sentiment.
- Israel's economic future and the Tel Aviv Stock Exchange are noted for their impact on the broader Middle East region.
- Rising crude oil prices are attributed to ongoing tensions in the Middle East.
- Geopolitical tensions in the Middle East added to market uncertainty, specifically impacting the Nasdaq.
- The ECB, led by Christine Lagarde, is grappling with the economic fallout of the Middle East conflict, including energy price hikes and global inflation.
Coverage
Newest first; wire copies grouped- yahoo.com
- businessday.co.zaKganyago says local government reforms are now urgent
- businessday.co.za
- thesouthafrican.com