JOHANNESBURG (AP) — A truck and a school minibus were in collision in South Africa's Gauteng province Monday, killing at least 13 children, authorities said.
Preliminary reports indicated at least 11 schoolchildren died at the scene, with two others succumbing to their injuries in the hospital.
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Police inspects the scene of a collision between a truck and a minibus carrying school children in Vanderbijlpark, South of Johannesburg, South Africa, Monday, Jan. 19, 2026. (AP Photo)
Relatives of school children who died when the minibus they were riding in collided with a truck, weep at the scene of the crash in Vanderbijlpark, South of Johannesburg, South Africa, Monday, Jan. 19, 2026. (AP Photo)
Relatives of school children who died when the minibus they were riding in collided with a truck, weep at the scene of the crash in Vanderbijlpark, South of Johannesburg, South Africa, Monday, Jan. 19, 2026. (AP Photo)
Police inspects the scene of a collision between a truck and a minibus carrying school children in Vanderbijlpark, South of Johannesburg, South Africa, Monday, Jan. 19, 2026. (AP Photo)
The private vehicle was transporting students to various primary schools and high schools in the southwest of Johannesburg on Monday when the incident occurred around 7 a.m., according to authorities.
Witnesses said the minibus carrying the children was overtaking stationary vehicles when it hit the truck in a head-on collision. Police said the incident is being investigated and the truck driver will be questioned.
Provincial education department minister Matome Chiloane told reporters that the driver of the school bus would also be investigated for possibly driving recklessly.
Gauteng Emergency Services transported five patients to the Sebokeng Hospital, while two others were taken to Kopanong Hospital for further medical care. The bus driver also suffered injuries and was among those taken to the hospital.
Parents were seen weeping uncontrollably at the scene of the accident, while emergency services were picking up books and stationery.
President Cyril Ramaphosa expressed his sadness at the loss of life, saying national and provincial authorities would provide families and schools with the necessary psychosocial support.
“Our children are the nation’s most precious assets and we must do all we can — from observing the rules of the road to the quality of service providers,” said Ramaphosa.
The country’s minister of basic education, Siviwe Gwarube, said many accidents involving school transport are caused by driver error. She also called on the Department of Transport to make sure that vehicles entrusted with transporting schoolchildren are roadworthy.
Police inspects the scene of a collision between a truck and a minibus carrying school children in Vanderbijlpark, South of Johannesburg, South Africa, Monday, Jan. 19, 2026. (AP Photo)
Relatives of school children who died when the minibus they were riding in collided with a truck, weep at the scene of the crash in Vanderbijlpark, South of Johannesburg, South Africa, Monday, Jan. 19, 2026. (AP Photo)
Relatives of school children who died when the minibus they were riding in collided with a truck, weep at the scene of the crash in Vanderbijlpark, South of Johannesburg, South Africa, Monday, Jan. 19, 2026. (AP Photo)
Police inspects the scene of a collision between a truck and a minibus carrying school children in Vanderbijlpark, South of Johannesburg, South Africa, Monday, Jan. 19, 2026. (AP Photo)
Wall Street's losses deepened Friday as the ongoing fallout from the war in Iran keeps pushing oil prices higher, ratcheting up inflationary pressure on the global economy.
The S&P 500 fell 0.6% after having been up as much as 0.9% in the early going. The benchmark index is now down 3.1% so far this year.
The Dow Jones Industrial Average lost 0.3%, and the Nasdaq composite finished 0.9% lower. The indexes also ended the week with their third straight weekly loss.
After briefly easing early Friday, crude oil prices rose again, bringing the benchmark oil price back above $100 a barrel. Brent crude, the international standard, closed 2.7% higher at $103.14 per barrel. It's up about 40% for the month.
A barrel of U.S. crude oil rose 3.1% to settle at $98.71. It’s risen around 46% this month.
“Everything’s just trading with crude oil at this point,” said Michael Antonelli, market strategist at Baird. “We’re basically in a holding pattern until we get kind of the hour-by-hour, day-by-day news about the conflict in the Middle East.”
Oil prices have been volatile since the start of the war. Iran’s actions have effectively stopped cargo traffic through the narrow Strait of Hormuz, where a fifth of the world’s oil typically sails. That has oil producers cutting production because their crude has nowhere to go.
In just over a week since the closure of the Strait of Hormuz, more than 12 million barrels of oil equivalent per day have been taken offline, according to independent research firm Rystad Energy.
If the war continues to hamper the production and transportation of oil from the Persian Gulf, it could cause a surge in inflation that could hurt the global economy.
President Donald Trump signaled earlier this week that he would take more action to address the squeeze on oil flows. The move follows the administration’s decision to grant temporary permission for India to buy Russian oil.
While the International Energy Agency said Wednesday its members would make a record 400 million barrels of oil available from their emergency reserves, some economists believe that would do little to reassure markets.
Long-term bond yields continued to rise Friday as bond market traders reacted to the latest rise in oil prices, a key driver of inflation.
The yield on the 10-year Treasury rose to 4.28% from 4.26% late Thursday. It was just 3.97% before the war started.
When bond yields rise they can push up interest rates on consumer loans, such as mortgages for prospective U.S. homebuyers and bond offerings for companies looking to expand. They also push down on prices for all kinds of investments, from stocks to crypto.
“Higher inflation expectations means higher yields, and then as the higher inflation expectations go, rate cuts start to be priced out,” Antonelli said. “And that’s the whammy that we’re seeing right now.”
A Fed rate cut could give the economy and job market a boost, but also potentially worsen inflation. The Federal Reserve is scheduled to hold its next interest rate policy meetings next week. However, Wall Street traders put the odds of a rate cut at less than 1%, according to CME Group.
A new snapshot of consumer spending Friday shows inflation crept higher in January, even before the Iran war caused oil and gas prices to spike.
The Commerce Department said prices rose 2.8% in January compared with a year earlier. But excluding the volatile food and energy categories — which the Federal Reserve pays closer attention to — core prices rose 3.1%, up from 3% in the prior month and the highest in nearly two years.
Even so, consumers still lifted their spending at a solid 0.4% pace in January, with their incomes rising at the same pace, according to the report.
The University of Michigan's latest gauge of consumer sentiment on Friday showed consumer sentiment declined slightly to its lowest reading of the year as gasoline price hikes since the start of the war in Iran.
Wall Street also got an update on how U.S. economic growth fared in the October-December quarter. The economy, hobbled by last fall’s 43-day government shutdown, grew at a sluggish 0.7% annual rate, a downgrade from its initial estimate last month.
Ulta Beauty slid 14.2% for the biggest decline among S&P 500 stocks after the beauty and makeup retailer's latest quarterly results fell short of analysts’ profit targets. Ulta’s profit was dinged by a 23% increase in selling, general and administrative expenses, which jumped to $1 billion in the period.
All told, the S&P 500 fell 40.43 points to 6,632.19. The Dow lost 119.38 points to finish at 46,558.47, and the Nasdaq dropped 206.62 points to 22,105.36.
In stock markets abroad, indexes in Europe closed mostly lower after falling in Asia.
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