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

  • Matthew Chaskalson has been appointed as the chief evidence leader in a national inquiry in South Africa.Mon 17:53
  • Wildfire smoke is threatening business operations and health in South Africa.Mon 17:51
• South African Reserve Bank →

  central bank

  • The South African Reserve Bank Governor announced a policy rate increase amid global supply chain disruptions and war-driven inflation.Mon 08:35
  • The South African Reserve Bank (SARB) operates as a central bank in South Africa, and Lesetja Kganyago serves as its Governor.Fri 23:43
• Middle East →

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

  • A US Air Force base in Fairford, located near the Oxfordshire border, is being utilized due to actions in the Middle East.Mon 17:54
  • Authorities are investigating an incident at a base in Fairford, with possible links to Iran and Russia.Mon 17:54

Related events

• South Africa tables budget measures to counter oil price volatility amid ongoing geopolitical tensions in the Middle East.Aug 4
• War in the Middle East is causing oil market shortages.Sep 21
• Poor state asset management is cited as a cause of economic decline in South Africa.Aug 28
• The war in the Middle East has led to elevated oil prices and caused credit quality concerns, impacting the EV market and SMEs.Aug 12
• The Middle East conflict has worsened the outlook, with the situation involving South Africa.Sep 8