- 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.
South Africa tables budget measures to counter oil price volatility amid ongoing geopolitical tensions in the Middle East.
2 reports, 2 independent
Updated Aug 5
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What happened
South Africa tables budget measures to counter oil price volatility amid ongoing geopolitical tensions in the Middle East.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- The South African National Treasury is managing fiscal strategy and targets due to the start of a war in the Middle East.Sub-event
- Angie Motshekga pleaded for R9bn from the National Treasury of Abotsi, which is currently managed by the acting CFO.Sub-event
- Sasol increased production at its Secunda hub to mitigate supply gaps from the Middle East.Sub-event
SA tables budget to manage oil price volatility driven by Middle East tensions.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
- 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.
- SARB reports national saving rate as Middle East conflict continues to spiral costs.
- Escalation of hostilities between Iran and Israel is causing economic outlook impacts, prompting the South African Reserve Bank to react.
The entities involved
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South Africa
country in southern Africa
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National Treasury
treasury of South Africa
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
Related events
- Geopolitical tensions in the Middle East are disrupting oil supply, coinciding with the release of South African consumer inflation data.
- Geopolitical tensions are impacting global oil prices and supply chains, specifically involving the Middle East and the Minerals Council South Africa.
- SARB published notes detailing South Africa's economic decline, linked to Middle East war impacts on oil prices and imports.
- The South African Reserve Bank Governor announced a policy rate increase amid global supply chain disruptions and war-driven inflation.
- US-Iran war strains South African revenue targets while the city of Johannesburg develops an intensive intervention plan.