Coronavirus lockdown: JSE plunge 'worst on record', global economy in crisis; Naspers; Sun International; Domino's Pizza
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In today's news headlines:
* South Africa’s benchmark stock index plummeted the most on record after President Cyril Ramaphosa’s declaration of a national state of disaster over the coronavirus outbreak stoked investor concern about its impact on an already fragile economy;
* The SA economy is set to shrink to shrink. Already beleaguered tourism companies and exporters are among those whose survival is on the line, reports Bloomberg;
* World economies are facing their biggest challenge since the great recession, warn economists, with airlines set to go bust by the end of May unless governments intervene;
* Naspers lost about 13% on the JSE, as stocks plunged on Monday;
* South African hotel and casino operator Sun International is already handling cancellation of conference bookings and events by clients, CEO Anthony Leeming said on Monday, as companies rush to contain the spread of the coronavirus; and
* More than 80 Domino's Pizza outlets will be closed after its holding company failed to find a buyer.
* South Africa’s benchmark stock index plummeted the most on record after President Cyril Ramaphosa’s declaration of a national state of disaster over the coronavirus outbreak stoked investor concern about its impact on an already fragile economy;
* The SA economy is set to shrink to shrink. Already beleaguered tourism companies and exporters are among those whose survival is on the line, reports Bloomberg;
* World economies are facing their biggest challenge since the great recession, warn economists, with airlines set to go bust by the end of May unless governments intervene;
* Naspers lost about 13% on the JSE, as stocks plunged on Monday;
* South African hotel and casino operator Sun International is already handling cancellation of conference bookings and events by clients, CEO Anthony Leeming said on Monday, as companies rush to contain the spread of the coronavirus; and
* More than 80 Domino's Pizza outlets will be closed after its holding company failed to find a buyer.
