11 Covid-19 deaths; SA economy faces war-time style contraction; car sales hammered; KFC property defaults
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In today's news headlines:
* The total number of confirmed Covid-19 cases was 1,655 as of Monday 6 April, with 11 deaths reported to SA authorities;
* South Africa’s economy could contract by 2-4% and the budget deficit could be pushed to war-time levels, the Reserve Bank says;
* BMW says all major markets experienced double-digit declines in March and extended factory halts across Europe, North America and South Africa by 10 days until the end of the month;
* KFC-owner Yum! Brands has told landlords in South Africa that the US firm won’t be paying rent while outlets are closed during a three-week government-enforced lockdown to contain the coronavirus pandemic, says Bloomberg;
* South African telecoms regulator ICASA announced on Monday an emergency release of broadband spectrum to meet a spike in internet demand during a lockdown to tackle the coronavirus pandemic, reports Reuters; and
* UK Prime Minister Boris Johnson, who is struggling to shake Covid-19 has been hospitalised, has tweeted that he is in good spirits and is still working remotely.
* The total number of confirmed Covid-19 cases was 1,655 as of Monday 6 April, with 11 deaths reported to SA authorities;
* South Africa’s economy could contract by 2-4% and the budget deficit could be pushed to war-time levels, the Reserve Bank says;
* BMW says all major markets experienced double-digit declines in March and extended factory halts across Europe, North America and South Africa by 10 days until the end of the month;
* KFC-owner Yum! Brands has told landlords in South Africa that the US firm won’t be paying rent while outlets are closed during a three-week government-enforced lockdown to contain the coronavirus pandemic, says Bloomberg;
* South African telecoms regulator ICASA announced on Monday an emergency release of broadband spectrum to meet a spike in internet demand during a lockdown to tackle the coronavirus pandemic, reports Reuters; and
* UK Prime Minister Boris Johnson, who is struggling to shake Covid-19 has been hospitalised, has tweeted that he is in good spirits and is still working remotely.
