Ramaphosa victory over PP; Covid-19 - Harvard, top varsities go online; Italy shuts down; Assore leaps; Sasol sinks
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In today's news headlines:
* The Assore share price shot up more than 80% after the company, on the JSE since 1950, announced a share buy-back with a view to delisting the company;
* Sasol continued plummeting, shedding more than 13% of its value on the JSE;
* South Africa has virtually no oil production, so oil’s decline provides a rare measure of relief for an economy that slumped into a recession in the fourth quarter, reports Bloomberg;
* South African President Cyril Ramaphosa notched up a key victory in his long-running battle with the nation’s controversial anti-graft ombudsman, when the High Court overturned her finding that he’d misled lawmakers about a campaign donation, says Bloomberg;
* Harvard is asking students not to return to campus after its spring break amid coronavirus concerns and is going online; and
* Italy is considering unprecedented steps to inject money into companies and ease family debt burdens.
* The Assore share price shot up more than 80% after the company, on the JSE since 1950, announced a share buy-back with a view to delisting the company;
* Sasol continued plummeting, shedding more than 13% of its value on the JSE;
* South Africa has virtually no oil production, so oil’s decline provides a rare measure of relief for an economy that slumped into a recession in the fourth quarter, reports Bloomberg;
* South African President Cyril Ramaphosa notched up a key victory in his long-running battle with the nation’s controversial anti-graft ombudsman, when the High Court overturned her finding that he’d misled lawmakers about a campaign donation, says Bloomberg;
* Harvard is asking students not to return to campus after its spring break amid coronavirus concerns and is going online; and
* Italy is considering unprecedented steps to inject money into companies and ease family debt burdens.
