Category archives for: Oil & Gas

Oil slams after Saudi Arabia institutes price war

Saudi Arabia oil production plant. Photo, Reuters

RIYADH, (CAJ News / Bloomberg) – OIL plunged over 30 percent on Monday after top exporter Saudi Arabia launched a price war in response to a failure by leading producers to strike a deal to support energy markets. The two main contracts both lost about 30% of their value in morning Asian trade. By early […]

Fuel price drop a boost to South African economy

Fuel station

by TINTSWALO BALOYI JOHANNESBURG, (CAJ News) – THE decrease in the price of fuel brings relief to farmers, eases pressure on consumers and could lead to interest rate cuts in South Africa. This is also a major reprieve for an economy that is undergoing a recession. The latest drop in the petrol and diesel prices […]

Global issues, local concerns pummel SA economy

South Africa's commodities

by AKANI CHAUKE  JOHANNESBURG, (CAJ News) – ANALYSTS have forecast a further recession of the South African economy because of load shedding, the raging coronavirus (COVID-19) and government plans to trim the public servants’ wage bill. The bleak projections come amid Africa’s most advanced economy entering its second technical recession in the space of just two […]

MTN invests billions amid load shedding threat

MTN South Africa Chief Technology and Information Officer, Giovanni Chiarelli

by SAVIOUS KWINIKA  JOHANNESBURG, (CAJ News) – MTN is investing an average R11 billion (US$703,8 million) yearly to ensure a seamless network experience during the energy challenges South Africa is facing. Giovanni Chiarelli, Chief Technology and Information Officer (CTO) at MTN South Africa, disclosed the figures on Monday as the company was voted superior network during […]

Mixed feelings to SA Budget Speech 2020

Finance minister, Mr Tito Mboweni

from DION HENRICK in Cape Town CAPE TOWN, (CAJ News) – THE establishment of a state bank, formation of the Sovereign Wealth Fund and the slashing of the state wage bill in South Africa are among the highlights of the Budget Speech delivered by Finance Minister, Tito Mboweni, on Wednesday. For 2020/21, expenditure is projected […]

Connect to CAJ News on Facebook

Subscribe to our Newsletter

Photo Gallery

Log in
All material © CAJ News Africa. Material may not be published or reproduced in any form without prior written permission.