- Gwede Mantashe discusses how the US-Israeli war on Iran affects fuel prices and the country's mining and petroleum resources in South Africa.
- 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.
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
- Tensions escalated in the region affecting investor sentiment following fresh strikes carried out in southern Iran.
- The economic impacts of the US-Iran conflict are being discussed, noting higher input costs and the need for a Middle East ceasefire, with South Africa and Fitch involved.
- Renewed clashes between the US and Iran are escalating geopolitical tensions in the Middle East.
- Geopolitical developments are originating from the Middle East, involving tensions between the U.S. and Iran, potential new economic sanctions, and Israel's attacks on Lebanon.
- The article discusses how Iran remains a key factor in Middle East tensions, affecting global oil transit routes, while polls gauge broader economic sentiment.
Coverage
Newest first; wire copies grouped- yahoo.com
- businessday.co.zaKganyago says local government reforms are now urgent
- businessday.co.za
- thesouthafrican.com