Three Covid-19 cases; No need for travel ban; Moody's lowers forecast; Mining preps for virus; Short notice blackouts

Loading player...
In today's news headlines:
-The number of positive coronavirus cases in South Africa has risen to three, after the wife of the Kwazulu-Natal man who was the first case of the disease in South Africa, also tested positive. A second case in Gauteng is also linked to the couple. Health Minister Zweli Mkhize said there was no reason to fear the virus;
- President Cyril Ramaphosa said there was also no need for South Africa to implement travel bans related to countries affected by Covid-19 at this stage because there were only a few cases so far;
- Rating’s agency Moody’s has cut South Africa’s 2020 growth forecast from 0.7% to 0.4% saying the country’s growth prospects are at risk because of the coronavirus outbreak;
- The mining sector has put in place an action plan to deal with possible cases of the coronavirus as it acknowledged that there could be a high degree of exposure in the industry and is ready to mobilise large-scale medical facilities; and
- Eskom, despite not implementing loadshedding since the 22nd
of February, warned that it may have to implement blackouts ‘on short notice.’ Learn more about your ad choices. Visit megaphone.fm/adchoices
8 Mar 2020 1PM English South Africa Investing · Business News

Other recent episodes

Dr Lennit Max: Non-racial, merit-based appointments of four new police commissioners

In his latest interview with Chris Steyn, former Western Cape Provincial Police Commissioner, Dr. Lennit Max hails the appointments of four new provincial commissioners. “This time around I am very pleased that the Acting National Commissioner in her wisdom decided that there's merit among people of colour.” He points out…
3 Aug 8AM 33 min

BN Daybreak: SA corruption probes; Trump’s Iran pause; SpaceX upcoming earnings, FIFA backlash

Today's BizNews Daybreak examines Japan’s US-coordinated currency intervention, OPEC+ production increases, and energy lobby opposition to US biofuels legislation. South Africa’s corruption commission delivers unprecedented accountability, while Donald Trump pauses planned Iran strikes pending rapid talks. Meanwhile, the S&P 500 opens at 7,489 and SpaceX prepares for a high-stakes earnings…
2 Aug 11PM 13 min

BN Daybreak: Apple earnings; Amazon AWS; RMB housing; Anglo’s SA exit; Tesla China sale

Today's BizNews Daybreak covers Apple's quarterly results, Rivian's SUV success, and Anthropic's AI breach, alongside a semiconductor rally driven by Microsoft and Oracle. Football federations oppose FIFA selling World Cup stakes, while Donald Trump claims a Gaza disarmament agreement. Meanwhile, Alec Hogg discusses Anglo American’s South Africa exit, RMB launches…
30 Jul 11PM 14 min