QE boosts SA banks, bond market; no booze, no travelling, no socialising as SA shuts down; SAA grounded; Shoprite
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In today's news headlines:
* South Africa’s central bank on Wednesday launched a bond-buying programme, as it followed other countries in quantitative easing measures to drum up demand in credit markets and support banks;
* Resources and Energy Minister Gwede Mantashe says the possibility of load shedding during the 21-day nationwide lockdown is unlikely because demand for electricity from industry will disappear;
* The South African government announced some tough, and some unpopular, restrictions - including banning the sale of alcoholic drinks - as the country prepared for a 21-day nationwide lock-down;
* SAA has suspended all local flights and all tourist attractions have been instructed to close their doors;
* Grocery retailer Shoprite has awarded employees a bonus as it gets set for a busy period in which South Africans will have to cook at home for three weeks; and
* South Africa will continue to process platinum group metals during the lockdown.
* South Africa’s central bank on Wednesday launched a bond-buying programme, as it followed other countries in quantitative easing measures to drum up demand in credit markets and support banks;
* Resources and Energy Minister Gwede Mantashe says the possibility of load shedding during the 21-day nationwide lockdown is unlikely because demand for electricity from industry will disappear;
* The South African government announced some tough, and some unpopular, restrictions - including banning the sale of alcoholic drinks - as the country prepared for a 21-day nationwide lock-down;
* SAA has suspended all local flights and all tourist attractions have been instructed to close their doors;
* Grocery retailer Shoprite has awarded employees a bonus as it gets set for a busy period in which South Africans will have to cook at home for three weeks; and
* South Africa will continue to process platinum group metals during the lockdown.
