7 things you need to know today
CAPE TOWN - Good morning. This is all the latest business news that you need to know today.
The South African Medical Association (SAMA) said it supported measures announced by President Cyril Ramaphosa on Sunday night to contain the spread of Covid-19 and advocated the distribution of health services and information via electronic information and telecommunication, otherwise known as telemedicine.
The South African currency steadied to catch breath after a tumultuous week, supported by partial overturn of Thursday’s sharp sell-off across global markets according to NKC Research.
The slight rebound in global stocks experienced by the markets on Friday, following the worst trading day in decades, could be short-lived as risk sentiment continues to weigh in on confidence, economists warn.
South African retailers have warned of supply disruptions to imported stocks amid the coronavirus pandemic wreaking havoc across global markets.
JSE-listed Peregrine Holdings, a wealth and asset management firm, on Friday plans to de-list following an offer from private equity firm Capitalworks, joining a growing list of companies that have left the stock exchange because of high costs and falling share trade volumes and prices.
President Cyril Ramaphosa on Sunday declared a national state of disaster in South Africa and announced school closures and travel bans as the number of novel coronavirus (Covid-19) infections in the country rose to 61.
South Africa could see a trade backlash from the US after the Department of Trade and Industry (dti) announced on Friday that it had increased tariffs on poultry imports, the industry warned, but “time would tell”.
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