Racial edicts in the form of the current empowerment regime have been presented as a non-negotiable by President Ramaphosa, writes Terence Corrigan.
International oil price jumped by close to 20% on Monday morning.
Oil tumbled below $53 a barrel for the first time in a year amid concern OPEC’s plans to cut production won’t be enough to stem a surge in stockpiles.
Major oil trading houses predict the return of $100 crude for the first time since 2014
Russia on Saturday joined partner countries in backing an OPEC-led pledge to boost oil production in response to growing global demand, Angolan Oil Minister Diamantino Azevedo said.
Energy firms plunged with oil prices in Asia after Saudi Arabia and Russia signaled they could lift output, while indications Donald Trump's summit with Kim Jong Un could be back on provided support to equity markets.
Sasol has announced that it will disband its black economic empowerment scheme Sasol Inzalo, which has been struggling to repay third-party debt.
Oil pessimists are sticking to their guns even after the market rallied against them in the aftermath of the Organisation of Petroleum Exporting Countries output deal.
A Nigerian oil technocrat has emerged as front runner to take the top job at OPEC, with members seeing Mohammed Barkindo as a rare compromise candidate to lead the group.
The Saudis may go public, OPEC’s in disarray, the US is suddenly a global exporter, and shale drillers are seeking lifelines from investors as banks abandon them.
The oil price crash is taking a financial toll on companies throughout the industry, forcing some into bankruptcy and others to issue expensive junk bonds to stay afloat.
A war between America and Iran could escalate beyond the borders of Iran and Saudi Arabia and have an enormous impact on the oil market. We are at a tipping point where things cannot go on as they are, writes Clem Sunter.
Saudi Arabian equities retreated the most in the Middle East, even after Crown Prince Mohammed bin Salman said the kingdom’s plan to overhaul its oil-dependent economy is on track. All other major stock gauges in the region also fell.
Brent crude recovered in Asian trade after plunging more than 4% to three-month lows on concerns over increased production and reports the US could tap into strategic reserves.
OPEC energy ministers scrambled to hammer out a compromise on oil output policy Friday as they debated a Saudi proposal to ramp up production.
Sasol’s new improved R13.6bn wax plant in Sasolburg will make South Africa one of the world’s leading wax producers and contribute to industrialisation in the country.
In the Pessimist's Guide to 2017, finweek explains why investment in new oil fields needs to show significant improvement this year if the sector is to meet global demand by 2020.
Dozens of tanks and 3 000 more troops have joined existing forces in a sign the government is pulling out the stops to quell a new wave of violence in Nigeria.
Major oil producers are meeting this weekend to try to negotiate an output freeze to drain crude oversupply and boost prices, but doubts remain on Iran's buy in.
State oil company PetroSA has terminated its chief executive officer's contract, after placing her on special leave alongside two other executives.
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