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Double disaster for South Africa | SA News

Staff Writer
 ·9 Mar 2026

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Global oil prices hit over $110 a barrel for the first time since 2022, drawing fears of another global inflation crisis echoing the fallout of Russia’s invasion of Ukraine.

Coupled with the sharp rise in oil prices, the rand has weakened significantly, marching back towards R17/$ amid a wider emerging market selloff.

Brent crude futures settled at above $114 on Monday, 9 March 2026, after trading as high as $119. Prices had already pushed above $110 on Sunday, 8…

Freedom Day: Observed on April 27, Freedom Day commemorates the first post-
apartheid elections held in 1994.

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