Major things happening in and about South Africa today:
Covid-19 in SA:
Third South African infected with coronavirus.
Provincial emergency response teams activated,
after a third South African has been confirmed to be infected.
Department of Health testing six people with the three patients on the trip to Italy.
SA government intensify efforts to evacuate South Africans in Wuhan, China.
Some SA citizens however, prefer to remain China
Major currencies are experiencing fall in values including the rand.
This may be related to the planned rise in oil price and the continuing rise of Covid-19 pandemic.
Earlier today, rand was R16.20 to the dollar and R18.48 to the euro.
Eskom activates Stage 1 Load shedding:
Eskom starts Stage 1 load shedding from 09h00 until 23h00 today,
Eskom says this is because of unplanned loss of generating units.
Load shedding likely to run till l Thursday.
Going for gold:
Gold improves in value in global market
While global markets take a beating, gold is having a great time at $1,700 an ounce.
Gold value gains because of spread of the coronavirus and fall of oil prices.
Forecast in 2020; gold may rise to $1,800 an ounce.
SA Express grounded:
SA Express to be grounded because of inability to finance insurance and salaries.
Stalemate between SA Express’ management, business and government over the airline.
Treasury hits back:
National Treasury denies claims that the budget, and the country, is going towards a cycle of austerity.
Treasury says that February budget was for stimulus focused on getting people to spend more and stimulate economic activity.
The wage bill cut isn’t a reduction of wages, but lower increases, it said.