Middle East conflict
Middle East conflict
Middle East conflict
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FUEL PRICE CRISIS | The great fuel buffer
The National Treasury reduced the General Fuel Levy by R3 to alleviate consumer pressure from rising oil prices, costing R6 billion monthly.
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Trump announces destruction of Iran’s tallest bridge
US President Donald Trump said Thursday the tallest bridge in Iran had been destroyed, hours after threatening to bomb the country “back to the Stone Ages.”
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Oil companies accused of making war profits from Middle East conflict
Oil companies in the EU have earned over €80 million daily in excess profits since the Middle East war began, according to Greenpeace.
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Fuel levy relief cushions price shock, but critics cite late action and funding concerns
The government reduced the fuel levy by R3 per litre to mitigate price increases, but criticism arose over timing and funding concerns.
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Wave of US-Israeli strikes targets Iran bases, religious site and cancer drug plant
Iranian media reports that a wave of US-Israeli strikes hit military bases, a religious site and a cancer drug plant.
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Fuel levy to be cut by R3 per litre, but the pain is yet to come
South Africa will reduce the fuel levy by R3 per litre in April to alleviate rising fuel prices due to the Iran conflict.
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Middle East war escalates with Israeli-Iranian missile exchanges and soldier deaths
Israel and Iran exchanged missile fire on Tuesday as the Middle East conflict intensified, with four Israeli soldiers killed in Lebanon.
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Fuel crisis threatens to cripple South African economy as prices set to soar
South Africa’s fuel crisis threatens economic recovery with significant price hikes, causing panic buying and concerns among businesses and consumers.
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Iran Guards warn civilians after Trump pushes Hormuz deadline
Iran’s Revolutionary Guards urged civilians across the Middle East Friday to stay away from areas near US forces, ramping up its threats.
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Global fuel price surge puts pressure on NSRI rescue operations
Rising global fuel prices are putting pressure on NSRI operations, affecting training, readiness and vital water safety programmes.
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