Five Newsworthy Things in SA 18th May 2020:

News in South Africa 18th May:   1. Covid-19 outbreak in Marula mine: Impala Platinum (Implats) has temporarily shut down its Marula mine in Limpopo Province after finding a “cluster” of positive Covid-19 cases. In a statement on Saturday, the company said the decision had been taken following “stringent and comprehensive screening, testing and tracing […]

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Five Newsworthy Things in SA 15th May 2020:

News in South Africa 15th May: 1. All online shopping allowed: As of Thursday South African online stores may sell any product other than booze and cigarettes under Alert Level 4. According to new regulations published on Thursday afternoon, e-commerce sites are no longer limited to the small range of items that physical stores may […]

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Five Newsworthy Things in SA 14th May 2020:

News In South Africa 14th May: 1. Lockdown level 3 on horizon: In an address to the nation on Wednesday evening, President Cyril Ramaphosa said that most of the country should be in Level 3 of lockdown by the end of the month. Some areas with high infection rates – particularly cities – may remain […]

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Five Newsworthy Things in SA 13th May 2020:

News in South Africa 13th May: 1. Risk appetite sees Rand strengthen: The rand strengthened to below R18.20/$ yesterday as risk appetite increased in international markets. The dollar fell on Tuesday as investor risk appetite rose, boosted by continued U.S. Federal Reserve action to battle economic devastation caused by the pandemic as well as potential […]

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Five Newsworthy Things in SA 12th May 2020:

News in South Africa 12th May: 1. Brent crude oil climbs: Saudi Arabia said Monday it had asked oil giant Aramco to cut its output by an additional one million barrels per day from June, to support prices that have crashed during the coronavirus crisis. The move will reduce the production of the world’s biggest […]

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Five Newsworthy Things in SA 11th May 2020:

News in South Africa 11th May: 1. More trouble for SAA: In the absence of a business rescue plan, the issuing of Section 189 notices commencing a consultation process over proposed retrenchments at South African Airways was procedurally unfair, the Labour Court found on Friday. SAA and its business rescue practitioners are, therefore, instructed to […]

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Five Newsworthy Things in SA 8th May 2020:

News in South Africa 8th May: 1. Nuclear power plant in the works: South Africa will soon start developing a plan for a new 2,500 megawatt (MW) nuclear power plant, the energy ministry told lawmakers on Thursday. Africa’s most industrialised economy, which operates the continent’s only nuclear power plant near Cape Town, said last year […]

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Five Newsworthy Things in SA 7th May 2020:

News in South Africa 7th May: 1. Eskom sees loss in power demands: The probability of Stage 1 load shedding was reduced to a mere three days for the first quarter of the year, thanks to lockdown. According to a presentation from Eskom CEO André De Ruyter on Wednesday evening to parliament’s portfolio and select […]

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Five Newsworthy Things in SA 6th May 2020:

News in South Africa 6th May: 1. Comair enters business rescue: Comair announced on Tuesday that it is unable to operate given the current coronavirus restrictions in place and its board decided the best option to ensure the long-term survival of the company is to implement a business rescue plan. Shaun Collyer and Richard Ferguson […]

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Five Newsworthy Things in SA 5th May 2020:

News in South Africa 5th May: 1. Tobacco Industry wants proof: Government has not shown how the banning of the sale of cigarettes and tobacco products would be instrumental in reducing the spread of Covid-19, the Fair Trade Independent Tobacco Association has argued in court papers filed on Monday. The Association served government with court […]

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