Parliamentarians are entitled to a good salary and pension benefits, but luxuries have no place in the current economic climate, writes Melanie Verwoerd.
Palladium’s great start to the year pales in comparison to its lesser known, but much more expensive sister metal, rhodium.
Using the principle of supply and demand, investment expert Simon Brown explains why investors need to be cautious with commodity stocks. Unlike the price of products and services, which will go up over time, commodity prices may go up – but will likely eventually come back down again.
The JSE advanced to close firmer on Friday capping off a week of decent gains for the local bourse.
Iran is safely storing its crude and freeing up its tankers, while China can tap the stockpile if supply is disrupted or sanctions end.
Gold has slumped back below $1 400 an ounce after the US and China agreed to a truce in their trade war, dealing a blow to havens that were bolstered in recent months by the long-running tensions.
Oil prices jumped at least 3% as traders feared Middle-Eastern tensions could reduce crude supplies.
The JSE closed weaker on Thursday on the back of broad-based weakness across most global equity indices.
US equities edged lower along with European stocks as investors assessed corporate earnings and economic data.
Oil rose to the highest level in almost six months as the US government was said to eliminate sanction waivers that allowed buyers to import Iranian crude.
Oil has declined after an industry report showed a massive increase in US crude stockpiles, ahead of more comprehensive data from the government.
Gold climbed to a three-month high to clinch its best annual performance since 2010, as a weaker dollar helped cap a year marked by global economic jitters and trade frictions.
DRDGold has been leading the local gold shares higher in recent weeks and months. The gold sector is currently giving a short-term pullback, and this is setting up another buying opportunity in gold shares, such as DRDGold.
Gold futures rallied above $1 500 an ounce on sustained demand for the traditional haven as the US-China trade war festers, global growth slows and central banks around the world ease monetary policy.
Oil is set for the biggest weekly decline since May as global demand concerns outweighed an OPEC+ pact to extend supply curbs into 2020 and worries that a renewed confrontation with Iran may threaten supplies.
Oil prices rose again in reaction to geopolitical tension, building on a surge sparked by suspected attacks on two tankers in the Gulf of Oman.
Oil producers such as Saudi Aramco are betting on plastics and chemicals during a backlash against plastic waste.
The JSE closed weaker on Wednesday mainly on the back of losses recorded across the industrials and financials indices.
The JSE eked out gains on Tuesday mainly on the back of gains recorded in resources and rand hedges which were buoyed by the weaker rand.
Oil in New York rose to the highest level this year after OPEC and its partners agreed to go beyond their pledged supply curbs in the coming months.
Newmont Mining rejected Barrick Gold's hostile takeover bid on Monday. The merger of the two would have created the world's largest gold miner.
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