BizNews Edge: Dr Iraj Abedian - Where SA fits in the Strait of Hormuz standoff

South Africa's BRICS bet on Iran is about to cost you at the pump. As the Strait of Hormuz standoff drags on, economist Iraj Abedian tells Alec Hogg why a third of the world's oil is stuck behind a 33km bottleneck, why Dubai is now more exposed than Israel, and why South Africa backed the wrong side. Plus: a boardroom bloodbath at the PIC, an ugly inflation surprise, a R21 billion Pepkor fintech deal, and a tribute to the late RW Johnson.