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Record fuel price hike on the horizon for SA

South Africans should brace for record fuel price increases in April given continued market volatility emanating from the Ukrainian-Russian conflict. According to the Automobile Association (AA), data from the Central Energy Fund indicates that fuel prices will reach R24/l for petrol and R23.60 for diesel. 95 octane gasoline should increase by R2.15/l, 93 octane should […]

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ARGENT INDUSTRIAL LIMITED – Share Dealings by Partners of Directors – SENS

Dealings in Shares by Associates of Directors ARGENT INDUSTRIAL LIMITED(Incorporated in the Republic of South Africa)(Registration number: 1993/002054/06)Share code: ARTISIN: ZAE000019188(“Argent” or “the Company”) DEALINGS IN SHARES BY ASSOCIATES OF DIRECTORS In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, thefollowing information regarding the dealing in securities is disclosed: NAME OF […]

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What Russia’s credit downgrade could mean for South Africa’s economy

The major risk for South Africa is that investment inflows and the rand could be negatively affected if general sentiment towards emerging markets deteriorates. Historically, rising global geopolitical tensions have generally been negative for the rand. After a brilliant start, the BRICS grouping (Brazil, Russia, India, China and South Africa) is now home to a […]

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MONDI PLC – Notification of major interests in shares – SENS

Notification of Principal Equity Interests Mondi plc(Incorporated in England and Wales)(Registered number: 6209386)LEI: 213800LOZA69QFDC9N34LSE Share Code: MNDI ISIN: GB00B1CRLC47JSE share code: MNP February 21, 2022 Notification of Principal Equity Interests 1. Issuer details: ISIN Code: GB00B1CRLC47 Issuer name: Mondi plc UK or non-UK issuer: UK 2. Reason for notification: Acquisition or sale of voting rights […]

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IMF sees sluggish South African growth in medium term

South Africa’s economic recovery remains fragile and growth is expected to remain below 2% over the medium term due to political uncertainty, high public debt and constraints on investment, the International Monetary Fund (IMF). In a statement issued after talks with South Africa, the IMF said the country’s recovery from the COVID-19 pandemic had been […]

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A giant coal fleet is the fastest way to get climate funds

The pledge by some developed countries to provide $8.5 billion to help South Africa transition from coal is a far cry from the trillions needed to stave off the worst effects of climate change. That’s not even the full amount the struggling national utility Eskom needs to shut down its polluting factories, estimated at around […]