The escalating conflict in the Middle East has sent shockwaves far beyond the geopolitical arena, landing squarely at South African filling stations. As diesel prices breach the R30-per-litre mark, fuelled by supply disruptions linked to the conflict involving the U.S., Israel, and Iran, the traditional calculus of transport is being fundamentally rewritten. Industry leaders suggest…
Tourists and vacationers sit and lie on their towels on the beach, others play and swim in the English Channel in Saint Pol de Leon, France. Nicolas Guyonnet | Afp | Getty Images Europe’s jet fuel crisis is threatening peak travel season, but consumers are instead looking to holiday closer to home to save money…
The world’s third-largest oil importer announced increased fuel prices and austerity measures due to the energy crisis. By Reuters and The Associated Press Published On 15 May 202615 May 2026 India has raised fuel prices by about 3 percent as the energy crisis driven by the Iran war and closure of the Strait of Hormuz…
Discovery Bank and Visa data shows ride-hailing growth is now outpacing fuel spend, especially among younger urban consumers. South Africans are increasingly turning to ride-hailing services, as convenience, shifting economics and changing mobility habits reshape urban transport behaviour. This is according to the latest edition of the SpendTrend26 report, compiled by Discovery Bank and Visa, which…
Lincoln Mali, CEO of Lesaka Southern Africa. (Photograph by: Lesley Moyo) Fintech group Lesaka’s consumer division, which caters for South African Social Security Agency (SASSA) grant beneficiaries, is continuing to make gains. This emerged when the JSE- and Nasdaq-listed company today published its third quarter results for 2026. At segment level, the consumer division delivered…
PRETORIA — The government of South Africa has strongly condemned the circulation of what it termed “fake videos and images” allegedly portraying attacks on foreign nationals, as diplomatic tensions rise across several African states over concerns of xenophobic violence. Authorities in Pretoria dismissed the online content, stating that it was being misrepresented and misused to…
The volatile saga of GameStop has taken a dramatic turn following reports from the Wall Street Journal that the retailer is preparing a potential bid to acquire eBay. While no formal proposal has been submitted, sources suggest an offer could be presented to the e-commerce giant as early as late May 2026. Read: ASUS launches…
The government will extend fuel tax cuts for another two months to cushion the impact of the Iran war on households, but that the relief would end after that and it would recoup the lost tax revenue in other ways. The US-Israeli war against Iran has caused the biggest oil supply disruption in history, the…
DEVELOPING STORYDEVELOPING STORY, A huge increase in Pakistan’s fuel import bill from $300 to $800 billion is putting more pressure on the economy. Published On 30 Apr 202630 Apr 2026 The most serious fuel price shock to hit Pakistan in more than half a century threatens to unleash a flood of cascading crises that could…
As global energy markets remain volatile and the price of oil high due to instability and conflict in the Middle East, more countries are looking at investing in renewables to shield their economies from the shocks caused by fossil fuel reliance, rein in import bills – and meet key climate action targets. Unlike oil and…
