DA to fight ANC in court over Covid-19 restrictions; most new Covid-19 infections in WC; MTN; Comrades Marathon
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In today's news headlines:
* The Western Cape now has more than half of the 12,074 confirmed cases nationwide and in recent days contributed about 90% of new infections, according to the government;
* The Reserve Bank is expected to cut interest rates next week, in a move aimed at stimulating economic recovery;
* Investors appear to be unimpressed with President Cyril Ramaphosa’s update on Wednesday night on government thinking on how to deal with the coronavirus pandemic. This was reflected in a decline in the value of the rand and a drop in the FTSE/JSE All Share Index, says Bloomberg;
* The DA will file a lawsuit Thursday challenging the rationality of the curfew and restrictions on exercise and ecommerce, according to John Steenhuisen, the party’s acting leader. Another case will be filed on Friday contesting the constitutionality of the nation’s Disaster Management Act;
* The Comrades Marathon, that was due to take place on June 14 in South Africa, has been added to the list of sporting events around the globe scrapped due to the coronavirus pandemic; and
* The MTN share price dropped on news it is going to curb spending.
* The Western Cape now has more than half of the 12,074 confirmed cases nationwide and in recent days contributed about 90% of new infections, according to the government;
* The Reserve Bank is expected to cut interest rates next week, in a move aimed at stimulating economic recovery;
* Investors appear to be unimpressed with President Cyril Ramaphosa’s update on Wednesday night on government thinking on how to deal with the coronavirus pandemic. This was reflected in a decline in the value of the rand and a drop in the FTSE/JSE All Share Index, says Bloomberg;
* The DA will file a lawsuit Thursday challenging the rationality of the curfew and restrictions on exercise and ecommerce, according to John Steenhuisen, the party’s acting leader. Another case will be filed on Friday contesting the constitutionality of the nation’s Disaster Management Act;
* The Comrades Marathon, that was due to take place on June 14 in South Africa, has been added to the list of sporting events around the globe scrapped due to the coronavirus pandemic; and
* The MTN share price dropped on news it is going to curb spending.
