SARB published notes detailing South Africa's economic decline, linked to Middle East war impacts on oil prices and imports.

The entities involved

• South Africa →

  country in southern Africa

  • Sappi is facing operational challenges due to the ongoing geopolitical conflict in the Middle East, which is driving up petrochemical costs and market risks.Fri 23:57
  • Both South Africa and Colombia are facing criminal infiltration of their governance structures.Fri 23:35
• South African Reserve Bank →

  central bank

  Nothing else this week.

• Middle East →

  geopolitical region encompassing Egypt and most of Western Asia, including Iran

  • The war in the Middle East has hammered the New Zealand economy, occurring while Christopher Luxon leads the ruling coalition.Sat 01:25
  • Geopolitical instability, driven by the Ukraine invasion, is causing global oil price volatility and affecting provincial revenue streams.Fri 23:02

Related events

• Research examines economic conditions in South Africa.Jun 28
• South Africa is noted as representing only a small fraction of global markets.Nov 2
• A collection of economic developments regarding South Africa's status (credit rating, FATF status, growth outlook) influenced by international bodies (World Bank, FATF, S&P Global) and geopolitical factors (Middle East conflict, Sub-Saharan Africa average).Aug 8
• ASB economists provided forecasts for the New Zealand economy following economic disruption caused by the Middle East war.Jul 5
• War fallout is impacting global oil flows, with risks in the Strait of Hormuz affecting oil imports, while India contends with geopolitical market pressures and intensifying competition for winter gas supply.Sep 7