‎Oil prices move towards $59 per barrel

Oil prices rose on Wednesday as weekly U.S. crude inventories are expected to have fallen steeply and geopolitical tensions around oil-rich Iraq and Iran raised risk premiums. According to Reuters, international benchmark Brent crude futures LCOc1 were trading 41 cents…

Jacob Zuma reshuffles cabinet, fires critic

South African President Jacob Zuma sacked a vocal critic from his cabinet on Tuesday, a move expected to further deepen tensions as an elective conference to the ruling ANC draws near. In his second reshuffle this year, Zuma dropped Higher Education minister Blade Nzimande,…