Moneyweb reports that South Africa's economy is losing momentum, according to a market report delivered by Henco Kruger. The segment also features Omri Thomas, portfolio manager at Abax Investments, who shares his views on the oil price and South Africa's economic growth rate. The discussion focuses on the country's weakening economic performance and related market factors, including developments in oil prices that affect the broader economy.

South Africa's wildlife industry has welcomed new quotas for elephants, rhinos and leopards, according to Moneyweb. Richard York, chief executive of Wildlife Ranching South Africa (WRSA), discussed the sector's new quotas, which affect the hunting and game farming industry. Details of the quota levels were outlined in York's comments on the development for the wildbedryf.

Brent crude has risen above $100 per barrel, a development with mixed implications for Nigeria, according to Legit.ng. The price surge could boost the country's oil revenues, given its status as a major crude exporter. However, it also raises concerns about rising inflation and higher fuel costs for consumers and businesses. The report frames the milestone as both good and bad news for Africa's largest oil-producing economy.

Luxury goods group Richemont has appointed Anton Rupert, son of chairman Johann Rupert, as co-deputy chair, according to Moneyweb. The appointment is described as part of the company's focus on long-term succession planning within the Rupert family, which controls the Swiss-based group behind brands such as Cartier. The move signals preparations for eventual leadership transition at one of the world's largest luxury goods companies, though no timeline for further changes was given.

Brent North Sea crude, the international oil benchmark, rose above $100 a barrel on Wednesday for the first time since late July. According to Vanguard, the price surge was driven by fresh flare-ups in the Middle East conflict, which heightened concerns over potential disruptions to global oil supplies. The development marks a significant milestone for energy markets amid ongoing geopolitical instability in the region.

South African motorists could face record petrol prices in October, according to IOL, as global oil prices hover near $100 a barrel. Early data reportedly points to fuel price increases of up to R2 per litre. If confirmed, the hikes would push pump prices to record levels, adding pressure on consumers already contending with high living costs and transport expenses.