Mining – Feb ’26
Mining production growth accelerated to a notable +9.7% y/y in February, up from +5.0% y/y in January (revised).
Ceasefire optimism gives way to reality
Against this negative international news flow, South Africa has at least largely managed to stay out of the limelight
Initial relief fades as peace talks fail
A threatened destructive onslaught on Iranian infrastructure should a US deadline on Iran to open the Straits of Hormuz lapse
Manufacturing – Feb ’26
Manufacturing production declined by -2.8% y/y in February, compared to -0.1% y/y in January (revised).
Recap & Outlook: 13 Apr ’26
Recap & Outlook is a single report focused on the key developments of the week.
Further price hikes still on the cards
The announcement of a ceasefire between the US and Iran on Tuesday night elicited a favourable reaction on several markets,
Scary potential for further fuel price jump in May
Much of the focus on the implications of the Iran war has been on the increase in fuel prices last
Tuesday’s deadline may (but likely won’t) be a pivot point in Iran war
As a reminder, President Trump has repeatedly deferred his ultimatums. The first 48-hour ultimatum to reopen the Strait of Hormuz was on 21
As Iran deadline looms, markets on tenterhooks
The past week represented a hiatus in developments relating to the Iranian war, with President Trump delaying for 10 days