Business

Top South African retailer loses R10.5 billion, and good news anyone paying for internet
Here are the five important things happening in South Africa on Tuesday, 7 April.

Oil prices rise as Trump’s Iran deal deadline looms
The US president threatened to take out Iran “in one night” if it does not agree to open the Strait of Hormuz.

Alderney fuel duty relief proposed as prices rise
Politician recommends fuel duty relief, with Alderney’s prices more than 60% higher than UK average.

Ramaphosa to make an important move for South Africa’s relationship with the United States
South Africa’s President Cyril Ramaphosa will receive the credentials of US Ambassador-designate Brent Bozell this week, a step that may signal a tentative easing of strained ties between the two countries. Bozell’s formal accreditation on April 8 comes after months of friction between Pretoria and Washington, including the expulsion last year of South Africa’s ambassador

India’s high-growth economy gets a Middle East oil shock
India’s currency, stocks and growth projections take a beating as the country faces a triple energy shock due to Iran war.

Trump’s Hormuz deadline looms but some Asian nations have already struck deals with Iran
Nations in the region have been keen to reach agreements as their economies are heavily reliant on Middle East energy.

Businesses scramble to get noticed by AI search
Firms are changing the way they present information on their websites, so they get noticed by AI.

High-end suburb emerging as a hijacking hotspot in South Africa
New data shows that one of Johannesburg’s high-end residential areas is becoming a hijacking hotspot in South Africa.

Situation critical for South Africa
The Green Drop Report for 2025, assessing wastewater management across South Africa, shows a concerning increase in the number of wastewater systems in critical condition.

57 jobs that pay higher than the R30,000 average salary in South Africa
Stats SA’s latest quarterly employment survey shows that the average monthly salary in South Africa increased to R29,690 in the fourth quarter of the year.

Huge problems for lifestyle audits in South Africa
The Portfolio Committee on Public Service and Administration has highlighted the government’s challenges in conducting lifestyle audits.