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A woman walks past a mural depicting a portrait of the late Iranian Supreme Leader Ayatollah Ali Khamenei, who was killed in the U.S. and Israel strike on Feb. 28, in downtown Tehran, Iran, Saturday, July 18, 2026. (AP Photo/Vahid Salemi)

US expands Iran strikes while diplomacy stalls

The US military says it has completed 11 nights of strikes on Iran, as attacks overshadow diplomacy

SARB. Reserve Bank. Supplied

Inflation shock puts SARB rate hike on the cards

Consumer inflation hit a two-year high of 5% in June, firming bets on a SARB rate hike at Thursday’s MPC meeting

Interest rate hikes. Rawpixel/Currency

Inflation expectations put SARB’s next rate call on edge

Oil-shock inflation expectations have jumped even as fuel prices ease, putting the SARB’s July rate call on a knife edge

oil see-saw. Rawpixel/Currency

Dizzying reversal in oil prices has rates in and out of play

Lower oil prices have eased inflation risks and boosted bonds, but uncertainty over expectations and US rates keeps a July hike in play

Picture: Pexels/Ann Tarazevich

The risk beneath the rally

What is the impact of war, oil prices and geopolitical uncertainty on the global economy – and what it could mean for South Africa’s recovery?

Gallo Images/Fani Mahuntsi

Kganyago hikes rates — but bets are off from here

The SARB hiked 25bps to 7% but debated 50 – and its revised inflation and oil assumptions mean a July increase is already on the table

Leaking oil barrel. Rawpixel/Currency

If the oil runs out …

The oil market will run out of road by early August. Which means we need a diplomatic solution to Iran – fast

President Donald Trump walks down the stairs of Air Force One upon his arrival at Joint Base Andrews, Md., Friday, May 15, 2026. (AP Photo/Luis M. Alvarez)

Trump calls off strike on Iran

The US president says he’s called off a strike planned for Tuesday at the request of Gulf allies, but warns the military to be prepared for full, large-scale assault

Sasol’s Secunda plant. Picture: Per-Anders Pettersson/Getty Images

Shrewd on crude? Riding the Sasol seesaw

Sasol shares are up 50%, to R215, since the start of the war. A year ago they were trading at less than R60. What’s the prognosis?

The Jordan flagged cargo ship “Baghdad” sails in Persian Gulf towards Strait of Hormuz in United Arab Emirates, Wednesday, April 22, 2026. (AP Photo)

Iran fires on, seizes ships in Hormuz

Iran has fired on three ships in the Strait of Hormuz as the US maintains its blockade and diplomacy stalls

Flames rise from an oil storage facility south of the capital Tehran as strikes hit the city during the U.S.–Israel military campaign, Iran, Saturday, March 7, 2026. (AP Photo/Vahid Salemi)

Will oil prices ever truly go back to ‘normal’?

The challenge now may not be the short-term disruption to oil supply, but the realisation that the days of cheap oil are over

Lesetja Kganyago interest rates. Gallo Images/Alet Pretorius / Rawpixel / Currency collage

Why South Africa needs to brace for rate hikes

Rates hikes are on hold, and unless there’s a speedy resolution in Iran, consumers are looking at the prospect of sharply higher debt costs

Iran and markets. Spencer Platt/Getty Images/Rawpixel/Currency collage

South Africans rue gold’s plunge — and it could get a heap worse 

Global markets – aside from gold and PGMs – have been hardly rattled by the Gulf conflict. Should peace not break out, that could change