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Oil extends plunge as brent falls below $85 on demand worries

5 Oct 2023 /  Elizabeth Low and Alex Longley, Bloomberg
Brent for December settlement was 0.6% lower at $85.33 a barrel.
1

How Harmony Gold tackled the zama zama problem

5 Oct 2023 /  Ciaran Ryan
Despite a tragedy involving 28 missing zama zamas in the Virginia shaft in May, there’s evidence that curbing illegal mining reduces other forms of crime.
UPDATE

Sibanye CEO warns of platinum mining job losses

4 Oct 2023 /  Felix Njini, Reuters
May be forced to close some loss-making shafts.
UPDATE
3

Anglo American begins global head office job cuts in SA

4 Oct 2023 /  Loni Prinsloo and Antony Sguazzin, Bloomberg
Talks started Wednesday and after a 60 day process, 141 jobs are expected to be lost.

Oil steadies ahead of OPEC+ review and US stockpiles snapshot

4 Oct 2023 /  Elizabeth Low, Bloomberg
Brent for December settlement fell 4 cents to $90.88 a barrel.
1

Mining accounts for nearly 60% of SA exports – PwC

4 Oct 2023 /  Ciaran Ryan
But at current mining rates the country has just 27 years of gold reserves left.

Oil extends drop below $90 as rate concerns overshadow tightness

3 Oct 2023 /  Rob Verdonck and Sharon Cho, Bloomberg
Brent for December settlement dropped 0.9% to $89.91 a barrel.

Oil gains ground on outlook for global deficit in final quarter

2 Oct 2023 /  Elizabeth Low, Bloomberg
Brent for December settlement added 0.4% to $92.55 a barrel.

Oil rally gets fresh impetus from shrinking stockpiles at US hub

28 Sep 2023 /  Bloomberg News
Brent for November settlement climbed 0.9% to $97.38 a barrel.

Glencore and Seriti weigh job cuts in SA due to ‘dire’ train situation

27 Sep 2023 /  Paul Burkhardt, Bloomberg
Transnet, which transports the fuel from mines in Mpumalanga province to Richards Bay Coal Terminal, has been hobbled by sabotage, cable theft and aging equipment.
1

SA coal heartland is ill-prepared for energy transition

26 Sep 2023 /  Antony Sguazzin, Bloomberg
Initiatives to prepare workers and communities have to date been mainly donor funded.

Oil slips as strengthening dollar outweighs supply tightness

26 Sep 2023 /  Bloomberg News
Brent for November fell 0.5% to $92.86 a barrel.

Big food runs greenwash risks over regenerative farming push

25 Sep 2023 /  Agnieszka de Sousa and Dasha Afanasieva, Bloomberg
Many of the world’s biggest food suppliers — from Nestle SA and Unilever to Walmart and PepsiCo — are pursuing 'regenerative' agriculture.
2

Oil nearing $100 is red flag for central banks’ inflation fight

25 Sep 2023 /  Craig Stirling and Alice Gledhill, Bloomberg
Brent crude has reached a 10-month high around $95 a barrel as export curbs by Saudi Arabia and Russia combined with an improving outlook for the US and China to drive prices higher.

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ECONOMIC DATA  

  CPIThe Consumer Price Index (CPI) measures monthly changes in prices for a range of consumer products Sep 2023 4.80%
  CPI ex OERThe Consumer Price Index excluding Owners’ Equivalent Rent (CPI ex OER) measures monthly changes in prices for a range of consumer products excluding Owners’ equivalent rent that measures changes in the cost of owner-occupied housing Sep 2023 5.10%
  RepoThe rate at which the Reserve Bank lends money to the country’s commercial banks and set by the Reserve Bank’s Monetary Policy Committee. Oct 2023 8.25%
  Prime lendingThe Prime Lending Rate is the rate of interest that commercial banks will charge their clients when issuing a loan (home loan or vehicle finance) Oct 2023 11.75%

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