Tag: military conflict
What the global oil crisis means for Africa
Energy experts say the growing oil crisis across the globe is a wake-up call for the African continent to be become less dependent on foreign oil supplies. The cost of fuel has risen sharply, with Brent crude oil hitting a 14-year high in recent weeks. It remains firmly above $100 per barrel at the time of publication.
What the return of Middle East tensions could mean for markets
Following the news of last week’s assassination of Qassem Soleimani, the head of the Iranian Revolutionary Guards’ overseas forces, South African Finance Minister Mboweni took to social media in a series of tweets stating that escalating tensions between the US and Iran will negatively impact on the global economy, including the South African economy.
