JSE freefalls with world markets; Sasol wipe-out, future plans; Damning PIC report; SA's flown from Wuhan
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In today's news headlines:
* The Johannesburg Stock Exchange lost almost 10% of its value, the worst crash since 1997;
* Sasol has indicated that it would consider raising funds by selling additional shares and disposing of more assets amid growing concerns about its debt levels after the disastrous events of the past week which included a crash in the oil price;
* The Mpati commission into the governance of the Public Investment Corporation has concluded that there had been substantial impropriety at the PIC which manages R2.13trn of state-employee pension funds; and
* South African Airways may be an unlikely beneficiary of the coronavirus;
* The 122 South Africans stuck in the Wuhan province in China, where the coronavirus first broke out, will be flown home today by the South African National Defence Force.
* The Johannesburg Stock Exchange lost almost 10% of its value, the worst crash since 1997;
* Sasol has indicated that it would consider raising funds by selling additional shares and disposing of more assets amid growing concerns about its debt levels after the disastrous events of the past week which included a crash in the oil price;
* The Mpati commission into the governance of the Public Investment Corporation has concluded that there had been substantial impropriety at the PIC which manages R2.13trn of state-employee pension funds; and
* South African Airways may be an unlikely beneficiary of the coronavirus;
* The 122 South Africans stuck in the Wuhan province in China, where the coronavirus first broke out, will be flown home today by the South African National Defence Force.
