Tuesday, 1 September 2026

Rising oil above $92 a barrel pushed global equity markets into a risk-off sell-off, with expensive technology shares bearing the brunt as investors priced in higher-for-longer interest rates.

Shoprite reported revenue above R270 billion, headline earnings per share growth in double digits and 1.1 million more customers served weekly, while 11,500 items became cheaper.

ITAC settled South Africa’s dollar-based sugar reference price at $785 per tonne, aiming to strengthen protection for domestic producers while making imports more expensive.

Sasol cut net debt by 11% to its lowest level in a decade, reduced its break-even oil price to $49 a barrel and lifted chemicals EBITDA 47%.

Cape Winelands property is attracting younger buyers through relative affordability, improved amenities and strong capital growth, while new development is expanding across residential, retail and industrial sectors.