Our social development programs are too focused on welfarism and too little on healing the social pain that is overwhelming so many, writes Mamphela Ramphele.
Higher fuel prices have driven up March inflation, and economists expect inflation to tick up even more in coming months.
The Organisation of the Petroleum Exporting Countries has lost what control of the oil market it ever had, is the view of Julian Lee.
South African petrol prices will increase to a record-breaking R17.08 inland this week - up from R9.41 in October 2008.
Crude prices are surging, and oil majors are cashing in.
In a bid to arrest soaring oil prices, South Africa has urged Saudi Arabia to increase oil production.
If South Africa were to build a new oil refinery it needs to be in the right location and able to produce clean fuels according to the latest specifications, says an oil and gas analyst.
The auditor general has found the sale of South Africa's strategic fuel stock to be unlawful and negligent.
Chevron has slashed $5bn from its investment budget and shut down its share buyback programme as the crude price plunge rocked industry powerhouses.
The finance minister will probably use the low oil price as one reason to foist some R15bn of additional taxes on us on next month’s budget day, says Edward West.
Don't think we can dodge the bullet if things go pear shaped, says Leopold Scholtz.
The Department of Energy has announced price increases for petrol and diesel for the month of February.
Iran sold oil to private buyers through its energy exchange for the first time on Sunday, as part of its efforts to counter the imminent return of US sanctions.
Government had little choice but to subsidise this month’s petrol price increase, a decision that preceded the announcement of South Africa slipping into a recession, Energy Minister Jeff Radebe said this week.
Royal Dutch Shell said Thursday that net profits quadrupled in the second quarter, energised by rising oil prices and Asian asset sales.
Top oil exporter Saudi Arabia called for extending cooperation between OPEC and non-OPEC producers beyond 2018, after a deal to cut output succeeded in shoring up prices.
South Africans could see the petrol price rising by about 70c a litre next month, while SARB might have to move from a repo rate cut to a hike, says economist Kevin Lings.
Sasol says full-year profit will drop as much as 30% as it has been hurt by lower crude prices and it booked R11.5bn of impairments on its share of a shale-gas asset in Canada.
Opec's oil supply has risen this month due to more Angolan exports and steady to higher output in Saudi Arabia and other Gulf producers.
With oil prices tumbling, Britain's North Sea oilfields face a struggle for survival, threatening a vital source of income and energy.
US stocks were slightly lower in early trade, falling with European equity markets on political uncertainty in eurozone member Greece.
Western CapeThe Building Company
Cape Town CBDLiberty Financial Advisers
Cape TownGoldman Tech ResourcingR500 000.00 - R600 000.00 Per Year
Apartments / Flats
R 1 550 000
R 11 800 000
R 5 250 000
We subscribe to the Press Code.
You choose what you want
News24 on Android
Get the latest from News24 on your Android device.
Terms and Conditions
24.com Terms and Conditions - Updated April 2012
Creating your profile will enable you to submit photos and stories to get published on News24.
This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.