March 31, 2017

Cabinet Reshuffle: South Africa’s President, Jacob Zuma, Sacks Finance Minister Gordham

Hamilton Nwosa

Writer

Marketers Hail Tinubu For Shifting 15% Fuel Import Duty to 2026, Say Suspension Averts Price Surge

By Obinna Uballa Oil marketers and downstream operators have applauded President Bola Tinubu’s decision to shift the implementation of the proposed 15 per cent import duty on petrol and diesel to the first quarter of 2026, describing the move as timely, pragmatic, and crucial in preventing a fresh wave of fuel price increases and inflation.…

November 14, 2025 • News

The World’s $111 Trillion in Government Debt, in One Giant Chart

Key Takeaways Gross public debt stands at $111 trillion globally in 2025, rising by $8.3 trillion since 2024. Together, the U.S. and China hold 51.8% of the world’s government debt. While global public debt is lower than pandemic highs in real terms, it remains stubbornly elevated at $111 trillion. This graphic shows world debt by…

November 14, 2025 • Opinion

Oil Stabilizes After Selloff Amid OPEC Reassessment and U.S. Funding Deal

Oil prices steadied on Wednesday after a sharp 4% slide the day before, with Brent trading near $63.08 and WTI around $58.80 at 11:01 a.m. ET, as traders reassessed the latest OPEC shift toward a more balanced 2026 market outlook. The passage of the U.S. funding deal that ended the government shutdown removed one macro problem, but crude…

November 14, 2025 • Opinion

South Africa’s President Jacob Zuma sacked finance minister Pravin Gordhan in a cabinet reshuffle after days of speculation that has rocked the country’s markets and currency, replacing him with home affairs head Malusi Gigaba.

A statement from the president’s office just after midnight on Thursday said Zuma had also appointed Sfiso Buthelezi as Deputy Finance Minister replacing Mcebisi Jonas.

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