Sasol, one of the country's biggest emitters of greenhouse gases, has invited bids from independent power producers for the supply of renewable energy to its local operations in a move to reduce emissions. The petrochemicals company, which operates mega facilities in Sasolburg and Secunda, where it converts coal into fuel and chemicals, said it had its sights on wind and solar energy producers with a generation capacity of at least…

Sasol, one of the country's biggest emitters of greenhouse gases, has invited bids from independent power producers for the supply of renewable energy to its local operations in a move to reduce emissions. The petrochemicals company, which operates mega facilities in Sasolburg and Secunda, where it converts coal into fuel and chemicals, said it had its sights on wind and solar energy producers with a generation capacity of at least…

We might be in Level 4 restrictions in South Africa, but we're still supposed to be staying home and only driving for essential trips to the grocery store or for medical supplies. For most, this means their vehicles are still parked for quite some time too. However, just because we are in lockdown it doesn't mean our vehicles should be parked and forgotten  - even if you're doing a once…

Oil headed for its first back-to-back weekly gain since February as output cuts from the biggest producers and a nascent recovery in demand began to rebalance a market awash with crude. Futures in New York rose toward $25 a barrel on Friday and are up around 24% so far this week. Saudi Arabia, the world’s largest oil exporter, raised the cost of almost all grades for June, suggesting it’s more…

If a Good Samaritan hadn’t come across him, a Dutch Reformed minister from Johannesburg would’ve had to walk more than 5km to the nearest petrol station after his car ran out of petrol on the N1. He’d been on his way back from Pretoria where he’d delivered cleaning and sanitising products, says Leon Forsman, a minister in the Greydene Church in Greymont, Joburg. “The trusty old car’s petrol gauge hasn’t…

Oil was headed for the longest run of daily gains in more than nine months on signs the worst of the supply glut may be over as production cuts start to take effect. Futures in New York climbed for a fifth day to near $22 a barrel after Genscape reported a 1.8 million-barrel build in inventories at Cushing, Oklahoma, the delivery point for West Texas Intermediate crude. That would be…

A fuel truck bomb in a market in northern Syria killed at least 46 people including Turkish-backed rebel fighters on Tuesday, the Syrian Observatory for Human Rights said. The blast in Afrin, a city controlled by Ankara's proxies, came as people went shopping in preparation to break the Ramadan fast, according to the US State Department, which condemned the attack as a "cowardly act of evil". READ | 'Horror' in…

Equity markets rallied Monday as countries eased coronavirus lockdown measures, but oil prices tumbled as a supply glut offset output cuts. "Stocks throughout Asia and Europe have kicked off the week in optimistic fashion, with the decline in coronavirus deaths across the globe being accompanied by a significant push towards easing lockdown measures across Europe and America," said Joshua Mahony, senior market analyst at IG trading group. While more than…

Oil prices made a spectacular comeback Thursday as fresh US-Iran tensions erupted, also helping equities advance after US labour market figures provided a glimmer of hope for the world's top economy. At one point the US crude oil benchmark West Texas Intermediate was up by 20% on the day, having earlier this week plunged below zero. "Heightened risk in the Middle East" triggered the upturn, said analysts at Phillip Futures, after…