
#TheBusinessBriefw/ Wandile Mazibuko
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On #TheBusinessBrief today, we looked at the sharp drop in global oil prices following the US midterm elections, which has raised hopes of easing tensions in the Middle East. Brent crude fell by around 10%, dropping below $94 a barrel, while the rand strengthened against the US dollar. We unpacked what this could mean for South Africa’s petrol and diesel prices, the possibility of fuel price cuts in December, and the broader impact on inflation, interest rates and the economy.

