- Gwede Mantashe discusses how the US-Israeli war on Iran affects fuel prices and the country's mining and petroleum resources in South Africa.
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- South Africa tables budget measures to counter oil price volatility amid ongoing geopolitical tensions in the Middle East.
The South African National Treasury is managing fiscal strategy and targets due to the start of a war in the Middle East.
2 reports, 2 independent
Updated Sep 19
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AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
The South African National Treasury is managing fiscal strategy and targets due to the start of a war 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 National Treasury is funding the BNDES credit line, while exporters are selling into the Persian Gulf.Sub-event
War in the Middle East forces South Africa's Treasury to adjust fiscal targets.1 source
Keep exploring
The entities involved
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National Treasury
treasury of South Africa
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South Africa
country in southern Africa
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
Related events
- US-Iran war strains South African revenue targets while the city of Johannesburg develops an intensive intervention plan.
- A 2018 mandate stated that the National Treasury must assist in developing appropriate stimulus measures for South Africa.
- South African President, Finance Minister, and the Department of Agriculture discussed national priorities and economic growth in 2018.
- The South African Reserve Bank Governor announced a policy rate increase amid global supply chain disruptions and war-driven inflation.
- The Bank of Botswana manages monetary policy while monitoring South Africa's inflation target shifts.