Finance · South Africa
Oil Prices Soar Amid Middle East Concerns Affecting SA Economy
Moneyweb · 2026/02/19
Summary
The price of oil has recently jumped due to worries about tensions in the Middle East. This increase is causing concern as it can affect the cost of fuel and other goods in South Africa. Drikus Combrinck, CEO of Capicraft Investment Partners, discussed how the rising oil prices are influencing local companies, many of which are reaching 52-week highs in their stock values. Higher oil prices usually mean increased costs for businesses that rely on fuel, which can lead to higher prices for consumers. Investors are closely watching these changes, as companies connected to oil and energy sectors may see growth. However, higher oil prices can also lead to inflation, which affects everyone by making everyday products more expensive. For South African consumers and small businesses, this means they should budget carefully for potential increases in petrol and product prices while investors might find new opportunities in energy-related companies.
OnABudget takeaway: Rising oil prices can make fuel and everyday goods more expensive, so consumers and small businesses should plan their budgets carefully. For investors, energy companies might offer good opportunities amid these price changes.