Covid-19: 25 SA deaths, 115,000 worldwide; CR, ministers chop salaries, FNB, Absa follow; Rupert R1bn SME pay-outs begin
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In today's headlines:
* There were 2,173 Covid-19 cases and 25 deaths from the disease in SA as of late Monday, according to the Johns Hopkins university’s coronavirus resource centre;
* At the start of the Easter weekend, President Cyril Ramaphosa extended the lockdown period by two weeks and announced that he and his fellow ministers would be giving up one-third of their salaries for the next three months;
* Absa, FNB bosses are supporting Ramaphosa by giving one-third of their salaries to help fund plans to fight Covid-19;
* Johann Rupert’s R1bn SME fund will start to give money to businesses from today, Business Partners MD Ben Bierman is quoted as saying;
* Wesgro, in partnership with the Western Cape Government and the City of Cape Town, has launched a tool to help businesses around South Africa to find funding; and
* Emerging-market stocks and local-currency bonds had their best weekly performance in four years in the five days through Friday, while developing-nation currencies had their biggest weekly gain since June, reports Bloomberg.
* There were 2,173 Covid-19 cases and 25 deaths from the disease in SA as of late Monday, according to the Johns Hopkins university’s coronavirus resource centre;
* At the start of the Easter weekend, President Cyril Ramaphosa extended the lockdown period by two weeks and announced that he and his fellow ministers would be giving up one-third of their salaries for the next three months;
* Absa, FNB bosses are supporting Ramaphosa by giving one-third of their salaries to help fund plans to fight Covid-19;
* Johann Rupert’s R1bn SME fund will start to give money to businesses from today, Business Partners MD Ben Bierman is quoted as saying;
* Wesgro, in partnership with the Western Cape Government and the City of Cape Town, has launched a tool to help businesses around South Africa to find funding; and
* Emerging-market stocks and local-currency bonds had their best weekly performance in four years in the five days through Friday, while developing-nation currencies had their biggest weekly gain since June, reports Bloomberg.
