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​​Markets recover – is that it? | SA News

​​​Stocks rebound on Trump comments

​It looks like the genesis of the recovery in stock markets comes from Trump’s comments about the US escorting ships through the Straits of Hormuz, and that the US would provide insurance for shipping companies.

​The potential closure of Hormuz has been the big fear for markets, given the amount of oil and other goods that moves through this key geographical chokepoint. It appeared yesterday that Iran would attempt to close them officially, though the drastic fall in the amount of shipping moving through had essentially meant the waterway was closed anyway. 

​Of course, the war goes on. Screens worldwide are filled with images of airstrikes, and…

First Democratic Elections: South Africa held its first fully democratic elections in
1994, allowing all citizens, regardless of race, to vote.

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  1. Fun South African Travel tip: You can visit the hominid fossil displays and learn more about the beginnings of our planet at the Maropeng Visitors Centre and Sterkfontein Caves.