You may have heard of the Butterfly Effect.
Chaos theory predicts it is possible for the flap of a butterfly's wing in China to cause a hurricane in the US. Though this sounds like fantasy, we may actually be witnessing one of the greatest “butterfly effects” in history.
A little while ago, likely in 2019, a single virus particle made a jump from bats to humans. In terms of scale, this... ››› more
Earlier today, finance minister Nhlanhla Nene gave his first full budget speech.
So what impact will today's budget have on you and your pocket?
Let's take a closer look…
The fuel price will rise 80.5c thanks to levy hikes
Over recent months, motorists have benefitted from the falling oil price. This has resulted in significant cuts to the fuel price. But the finance minister took... ››› more
Oil is well on its way down, and the on-going wars between oil producers don't look like they're going to end just yet...
But - This is perfect for traders like you…
Less than four months ago, Sasol was trading at R637.00 a share and has since plummeted to R400.00 - A mind-blowing 37% fall in the share price in only a matter of months!
But, looking at the charts, I expect the next ta... ››› more
There've been mixed emotions with the ongoing oil crash.
This week, the petrol price dropped 127 cents, and everyone is over the moon!
In fact, when I filled up my car, I saved a whopping R50 and I felt ecstatic.
Yay! Excuse my sarcasm...
But on the other hand, oil dropped an insane 59.74% from $126.69 to $51 a barrel.
And now, it's starting to have a lethal impact on the oil st... ››› more
After the slide in the oil price last year, few could have anticipated the further fall in price.
But as the first trading week of 2015 gets underway, the price of Brent crude oil has continued to fall.
So why is the price of oil continuing to slide?
Let's take a closer look…
The oil price hits a five-and-a-half year low
The oil price is still under pressure as it hit a five-an... ››› more
The Department of Energy says that motorists can look forward to a substantial drop in the price of fuel come the start of the New Year.
With many motorists taking to the road to visit family and friends, and to go on their summer holidays, concerns have been growing about the availability of fuel.
But the Department of Energy says that oil companies have issued assurances that there will be... ››› more
The price of Brent crude oil continued its fall yesterday. For the first time in over five years, the price dipped below $59 a barrel.
So what led to the latest fall in the oil price? And what does this mean for the oil industry?
Let's take a closer look…
The oil price traded as low as $58.50
Yesterday, the oil price traded “below $59 a barrel for the first time since May 2009,... ››› more
After much speculation, the price of petrol will drop significantly next week, along with the price of diesel.
The falling oil price and a steady rand have helped contribute to another fall in the fuel price.
Let's take a closer look…
The price of petrol and diesel will both fall
Earlier today, the Department of Energy confirmed that both the petrol price and the diesel price will... ››› more
The rand was trading slightly weaker against the dollar this morning. Traders are waiting for the release of South African trade data that comes out later today.
Expectations are that the trade deficit will have increased markedly from September to October.
Let's take a closer look at what's going on…
The rand weakens but not as much as some of its emerging market counterparts
The... ››› more
Since June, the oil price has slid nearly 30%. This fall means cheaper fuel for motorists, leaving more money in their pockets.
Not only that, a lower oil price not only benefits consumers, it also benefits businesses, large and small.
The price of oil has a powerful effect on the global economy. And the sharp fall means there are some opportunities for investors.
So what's going on with ... ››› more
Earlier today, Stats SA released its consumer inflation data for October.
The consumer price index (CPI) showed that inflation remained unchanged from September to October.
Let's take a closer look…
Consumer inflation reflected economists’ forecasts
As economists had forecast, consumer inflation came in “at 5.9% year-on-year in October,” reports Fin24. This is the same as CP... ››› more
The oil price has been on a downward slope since June. Brent crude is now trading at around $78 a barrel.
At this beginning of the year, it was up over $100 a barrel.
A lower oil price means lower petrol prices, but what else does it mean?
Let's take a closer look…
A lower oil price is good news for motorists
Motorists the world over will be happy that the oil price is falling.... ››› more
Since June, the price of Brent crude oil has been on a slippery slope south. Yesterday, a barrel slid to $77.
And looking to the futures market, it looks like the price of oil is going to continue to fall.
So what's causing the oil price to drop so much? And what does it mean for you?
Let's take a closer look…
The oil price is trading at a four-year low
Yesterday, the oil price... ››› more
Last night, the oil price continued its hefty fall.
Yesterday, the International Energy Agency (IEA) said it forecast robust supply and it cut its growth forecast for next year.
Over the last few months, the oil price has dropped over 20%.
Let's take a closer look at what's going on…
The oil price continues its tumble on poor demand and plentiful supply
The price of Brent crude... ››› more
Yet again, the oil price is falling. Earlier today, the price of Brent crude oil fell below $88 a barrel.
With an ample supply of oil and concerns over global economic growth, the oil price continues to ebb under pressure.
Let's take a closer look at what's going on…
The oil price is down over 20% in less than four months
Since June when Brent crude hit its high of the year, the p... ››› more
Over the last few months, the price of crude oil has continued to ebb. It's now just sitting at over $97 a barrel.
But is the price of oil expected to fall further? And what is leading to this fall in the crude oil price?
Let's take a closer look…
Is the price of crude oil going to continue to fall?
The price of crude oil has been trending lower since mid-June. Have a look at th... ››› more
For the sixth trading day in a row, the price of Brent crude oil has fallen. This takes the price down to a 17-month low.
In spite of conflict in the Middle East, the supply of crude oil appears ample. And with demand stagnating, the price is ebbing.
Let's take a closer look at what's going on and why this could be good news for South African motorists…
Crude oil hits a 17-month low
... ››› more
You might have notice you're paying more for petrol now than you were a few months ago?
Well the good news is the price of oil is falling again. We're finally looking down at $100 per barrel of oil, from much higher prices.
With history as our guide, there's a clear indication that this downtrend for oil prices isn't over, either.
Today we'll get into an oily discussion and I'll tell y... ››› more