SA coronavirus warning; power cuts for 5 more years - expert; gold skyrockets; Sasol plunges
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In today's business news headlines:
*The Rand weakened in early trade on Monday, as investors fled riskier assets following the rapid spread of the coronavirus outside mainland China;
*Even without a single confirmed case, sub-Saharan Africa may be the region hardest hit outside of Asia by the spread of the coronavirus, experts are warning;
*A detailed investigation into Eskom reveals that it will take at least five years to get the power utility’s plants to a place where loadshedding is not needed, reports MyBroadband;
*Gold hovered near $1,700 an ounce, extending its rally to the highest in more than seven years, as investors pile into haven assets; and
*While Gold company stocks soared, Sasol plunged on the JSE on Monday.
*The Rand weakened in early trade on Monday, as investors fled riskier assets following the rapid spread of the coronavirus outside mainland China;
*Even without a single confirmed case, sub-Saharan Africa may be the region hardest hit outside of Asia by the spread of the coronavirus, experts are warning;
*A detailed investigation into Eskom reveals that it will take at least five years to get the power utility’s plants to a place where loadshedding is not needed, reports MyBroadband;
*Gold hovered near $1,700 an ounce, extending its rally to the highest in more than seven years, as investors pile into haven assets; and
*While Gold company stocks soared, Sasol plunged on the JSE on Monday.
