Markets are jumpy and oil prices surge following Israel's latest attack on Iran, the strike at Transnet averted, and China lifts tariffs on African countries.
13 Jun 2025
English
South Africa
Marketing · Business News
Stand by for an interest rate hike, oil goes up as the Houthis attack Saudi tankers, and negotiations between Chinese manufacturer, BAIC South Africa, and NUMSA collapse.
P.I.C. crisis worsens as more directors quit, Sasol's Q4 production is up, and the oil price rises as Yemen’s Iran-backed Houthis blockade the Red Sea.
Transnet issues tender to upgrade and operate the Port of Cape Town, a massive loan secured to support infrastructure modernisation,and Houthi blockade of the Red Sea puts pressure on oil price.
South Africa still committed to adding nuclear power to the grid,expect an interest rate hike this week, and soccer world cup generates jump in revenue for FIFA.
South Africa plans to attract R750 billion in investment into its Special Economic Zones , Toyota launches new Hilux, and African Bank to cut jobs, close branches.
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