Sasol is rocking
Sasol, one of South Africa’s most iconic companies, saw its market cap increase from R81 billion to R135 billion in three weeks.
This is mainly due to the conflict in the Middle East, which drove oil prices from around $65 per barrel to over $100 per barrel in two weeks.
80km/h highway speed limits and weekend station shutdowns — What South Africa's biggest petrol crisis looked like
The last time South Africa experienced a significant fuel shortage, the government imposed extraordinary measures to limit the consumption of petrol and diesel.
These included...
Oman, South Africa's largest single source of refined petroleum, evacuates key export port
Oman’s key oil export terminal was evacuated, and two crude tankers were hit in Iraqi waters, as risks to global energy supply from the Middle East war deepened.
Ships were ordered to leave the port of...
Three Amazon data centres damaged in Middle East drone strikes
Amazon’s cloud unit warned of prolonged disruptions to its services after revealing that drone strikes damaged three of its data centres in the Middle East in recent days.
Amazon Web Services said for the first time that drones had...
Brace for petrol price hikes
An escalation in the conflict in the Middle East could substantially increase petrol prices in South Africa over the next few months.
Israel's recent attacks on Iran, which it described as "preventative" actions to disrupt the latter's nuclear weapons development...
Israel-Iran conflict could deal double blow to SA fuel prices
An escalated Middle East conflict between Israel and Iran could punish South African motorists with huge petrol and diesel price hikes in the coming months, market watchers have warned.
Iran launched a rocket attack on Israel on 13...
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With Israel now having Hamas firmly on the defensive, the two have had to resort to negotiating for hostages and prisoners on the basis of a ceasefire.
Iran and Hezbollah seem to be out of...
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With Hamas repelled and Israel conducting a heavy air campaign, a ground war could be on the horizon.
Will Hezbollah intervene? Will...
LinkedIn targets the Middle East
Career networking website LinkedIn has launched an Arabic version targeting the Middle East’s majority youth population
Iran unveiled on Thursday a new drone, dubbed the Epic, capable of carrying out both surveillance and attack missions, the Mehr news agency reported.
Defence Minister General Ahmad Vahidi was quoted as saying the Epic, which can fly at high altitudes, is a "stealth aircraft that cannot be...
China and the Middle East leading the digital race says a global study
China and the Middle East are racing ahead of the West in embracing the Internet according to "the largest ever" global study of online habits.