First Covid-19 vaccine 'works well' - US scientist; 80,000 businesses could go bust in booze ban - Distell; Sasol
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In today's news headlines:
* The first coronavirus vaccine to be tested in people appears to be safe and able to stimulate an immune response against the virus, its manufacturer, Moderna, announced on Monday;
* As of late Monday, the total number of confirmed Covid-19 cases in South Africa had reached 15,515 with 1,160 new cases. Less than 300 Covid-19 deaths have been reported by the health ministry since the start of the outbreak;
* As many as 80,000 small businesses ranging from farmers to craft brewers may be on the verge of collapse as a direct result of the alcohol ban, warns Richard Rushton, CEO of wine and spirits manufacturer Distell Group;
* President Cyril Ramaphosa says he welcomes legal challenges to South Africa’s strict lockdown rules, in his regular email to the nation;
* The R200bn loan guarantee scheme introduced by South Africa to keep small and medium size businesses from folding in the Covid-19 shutdown has been given the stamp of approval by an important ratings agency, Moody's; and
* Sasol stood out among the best performers on the Johannesburg stock exchange at the beginning of the week, with its share price gaining about 12% by the end of the trading session on Monday. Gold companies were among the worst performers, even though there is high demand for safe-haven-asset gold.
* The first coronavirus vaccine to be tested in people appears to be safe and able to stimulate an immune response against the virus, its manufacturer, Moderna, announced on Monday;
* As of late Monday, the total number of confirmed Covid-19 cases in South Africa had reached 15,515 with 1,160 new cases. Less than 300 Covid-19 deaths have been reported by the health ministry since the start of the outbreak;
* As many as 80,000 small businesses ranging from farmers to craft brewers may be on the verge of collapse as a direct result of the alcohol ban, warns Richard Rushton, CEO of wine and spirits manufacturer Distell Group;
* President Cyril Ramaphosa says he welcomes legal challenges to South Africa’s strict lockdown rules, in his regular email to the nation;
* The R200bn loan guarantee scheme introduced by South Africa to keep small and medium size businesses from folding in the Covid-19 shutdown has been given the stamp of approval by an important ratings agency, Moody's; and
* Sasol stood out among the best performers on the Johannesburg stock exchange at the beginning of the week, with its share price gaining about 12% by the end of the trading session on Monday. Gold companies were among the worst performers, even though there is high demand for safe-haven-asset gold.
