SA’s COVID-19 infections now at 1,655, with 11 confirmed deaths
Local
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Cell C is not reducing its data prices, here's why
Cell C said the reduced prices from MTN and Vodacom are normal prices that it has been offering since 2018.
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IIF urges SA to seek IMF funding, EFF rejects Mboweni finance suggestion
The Institute of International Finance said that it expected South Africa's economy to contract by 2.5% in 2020 but said that waning demand, travel restrictions and pandemic-related closures could lead to a deeper recession.
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Ntshavheni: Govt to offer lifeline to spaza shops during lockdown
Small Business Development Minister Khumbudzo Ntshavheni said her department would introduce a dedicated spaza support scheme to assist those businesses in the sector to weather the storm during the government’s strict lockdown regulations.
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Mbalula relaxes some taxi restrictions as Santaco threatens strike
The organisation had threatened a national strike over the regulations announced by government.
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COVID-19: Mary Oppenheimer and daughters donate R1bn to Solidarity Fund
In a statement, Oppenheimer said that she and her daughters thought long and hard about where they could make the greatest difference and decided to support the humanitarian needs of everyone living in South Africa.
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Rand firms after trade data, stocks rise
At 1550 GMT the rand was 0.78% firmer at 17.7700 to the dollar.
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Record fuel price drop for April to kick in at midnight
Fuel was not in high demand due to COVID-19 travel restrictions, but those who need to fill up with petrol would see a whopping R1,94 cents drop at the pump.
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Lockdown: Academics propose special grant for the poor
The academics wrote to President Cyril Ramaphosa calling for all evictions due to failure to meet rent obligations to be banned during the 21 days nationwide lockdown period.
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Govt aware of companies with fake essential service certificates - Nxesi
The minister said this was a major problem and he was in contact with police on how to clamp down on this.
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Absa to roll out debt relief for its customers
The bank is the latest to announce measures for eligible customers who've been adversely impacted by the 21-day lockdown.
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Sars pays out R2.4bn in tax returns in first 4 days of lockdown
The refunds comprise payments to large businesses of R1.1 billion and payments to the Small, Medium and Micro-sized Enterprises SMMEs to the tune of R1.3 billion.
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CARTOON: Monopoly, the Quarantine Edition
By Dr Jack & Curtis.
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Solidarity Relief fund 'can't provide relief' for SMMEs
President Cyril Ramaphosa last week announced government had set up the independent fund to mitigate the economic impact of the coronavirus.
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Facebook offers $100m to help virus-hit news media
Facebook said it will offer grants 'to publishers most in need in the hardest hit countries.'
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Johnson & Johnson says testing of coronavirus vaccine to begin by September
The vaccine could be available for emergency use authorisation in early 2021.
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LIST: These are the lockdown payment holidays being offered by SA's big banks
Payment holidays are simply a freeze on commitments such as loans and bonds for a certain period. Customers who may be in a tight financial spot can opt-in or just simply carry on paying their debts as usual.
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Sibanye-Stillwater to declare force majeure on platinum output
“We are unable to supply (customers) with metal because now our operations have closed down so we will have to declare force majeure,” said Sibanye spokesman James Wellsted, adding that demand from automotive customers had fallen.
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Rand crashes to all-time low after Moody's pulls the plug
Moody’s downgrade will see South Africa kicked out of the benchmark World Government Bond Index (WGBI) of local-currency debt at the end of April, triggering up to $12 billion of forced selling, treasury and analysts estimate.
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FNB comes to the party with COVID-19 relief interventions
These measures are aimed at individual and business customers whose financial stability has been impacted by the virus.
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Moody's credit ratings downgrade no surprise, says analyst
Last Friday, Moody's joined the other two major ratings agencies in downgrading South Africa's sovereign credit rating to junk status.
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Mboweni to approach World Bank, IMF if SA runs out of funds to fight COVID-19
Following weekend reports that Finance Minister Tito Mboweni would take advantage of any funding made available by the IMF and the World Bank, he said that no talks had started for now.
