commoditieslatest news & developments
Brent crude opened the week above $108 a barrel, while the rand weakened against major currencies as investors awaited US and South African interest-rate decisions. Analysts warned that sustained high oil prices could add to inflationary pressure.
OIL

Oil prices climb to four-month high as rand gives back recent gains

Oil prices are rising as South Africa’s economy contracts. Could inflation force the Reserve Bank to raise rates?

  • Ashley Lechman
3 min read
African Rainbow Minerals chairperson and founder Patrice Motsepe. African Rainbow Minerals lifted headline earnings 19% to R3.2bn for the year ended 30 June 2026, supported by higher platinum-group metals prices and a 113% increase in dividends received from Harmony Gold to R512m.
AFRICAN RAINBOW MINERALS

African Rainbow Minerals earnings soar to R3.2bn as Harmony Gold dividends top R512m

African Rainbow Minerals lifted headline earnings 19% to R3.2bn for the year ended 30 June 2026, supported by higher platinum-group metals prices and a 113% increase in dividends…

  • Tawanda Karombo
3 min read