World Bank: Commodity prices to hit six-year low in 2026 as oil glut expands

World Bank: Commodity prices to hit six-year low in 2026 as oil glut expands

Commodity markets are helping to stabilise the global economy. PHOTO/Pexels/Kamaji Ogino. By BUSINESS CORRESPONDENT [email protected] Global commodity prices are projected to fall to their lowest level in six years in 2026, marking the fourth consecutive year of decline, according to the World Bank Group’s latest Commodity Markets Outlook. Prices are forecast to drop by seven…

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Cut electricity prices for data centres: Andile Ngcaba

Cut electricity prices for data centres: Andile Ngcaba

Andile Ngcaba Convergence Partners chairman Andile Ngcaba said on Friday that government should consider granting a special electricity tariff for data centres to support the ICT sector’s growth. This would be similar to the dispensation offered to the mining industry, which enjoyed special rates that in the past that helped the sector become a cornerstone…

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