Petrol stations in South Africa are facing declining fuel demand, rising costs, and intense competition in a saturated market, pushing operators to rely increasingly on convenience retail to sustain profitability.
An economy already reeling from decades of US economic embargo has virtually come to a standstill. This is causing significant suffering to Cubans, and the impact on medical facilities and transport of medicines and drugs is probably resulting in many deaths.
The ANC retained a Cape Town stronghold with a significantly reduced majority and lost a second successive ward to the Patriotic Alliance in two consecutive weeks in the latest round of by-elections.
South Africa’s once-dominant synthetic fuel industry, pioneered by Sasol, used to supply a third of the country’s needs. While still operational, its market share has plummeted.
Incoming Woolworths CEO Sam Ngumeni has been given some ambitious targets to reach over the next five years. However, if he manages to reach them, the new man at the top could earn an up to R100 million award.
A Florida woman pleaded not guilty on Wednesday to the attempted murder of singer Rihanna after authorities said she fired gunshots at the Grammy-winning musician’s Los Angeles mansion this month.