Shell plc in Advanced Talks to Sell Retail Fuel Stations in South Africa
Shell plc is negotiating the sale of its 600 retail fuel stations in South Africa to Adnoc, with a deal potentially valued at $1 billion.
Shell plc is negotiating the sale of its 600 retail fuel stations in South Africa to Adnoc, with a deal potentially valued at $1 billion.
South Africa’s economy is struggling with a growth rate of just 1%, significantly lower than its peers. Political leaders face criticism for deterring foreign investment.
The S&P 500 and Nasdaq have rebounded from losses linked to the Iran war, with analysts expressing optimism about US stocks moving forward.
Oil prices have surged above US$100, driven by ongoing US–Iran negotiations and heightened tensions in the Strait of Hormuz. Companies like Japan Petroleum Exploration are closely monitoring these developments.
The Johannesburg Stock Exchange (JSE) faced a downturn in key indices as geopolitical tensions escalated following the collapse of US-Iran peace talks.
Fuel prices in South Africa have seen notable increases, affecting household budgets and spending habits. Experts weigh in on the implications.
Standard Bank reported unauthorized access to client data, prompting an investigation by the Information Regulator. The full extent of the breach remains unclear.
Petrol prices in Pakistan are expected to rise in May 2026, with predictions of an increase of Rs.10 to Rs.20 per litre. Current prices stand at Rs.366.58 per litre.
The lottery results for April 12, 2026, have been announced, revealing winning numbers for various games in Mississippi.
The financial landscape in South Africa is shifting from traditional bank cards to digital wallets, with significant growth in usage and spending.