Covid-19 business interruption war: hospitality sector vs insurers; Mining output plummets; Multichoice; WC schools
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In today's news headlines:
* A legal battle is looming between South African hospitality businesses and the insurance companies that have refused to pay out for business interruption caused by Covid-19;
* The Western Cape Department of Health has supported the return of pupils to schools. Although the province has the highest number of Covid-19 cases, and deaths, the incidence is very low among children;
* The United States cannot shut down its economy again because of the coronavirus, US Treasury Secretary Steven Mnuchin said on Thursday, adding that another $1trn in rescue funds will flow into the economy over the next month;
* South African mining output dropped the most since at least 1981 in April; and
* MultiChoice signed deals with Netflix and Amazon.com to offer their streaming services through its new decoder, a move intended to help Africa’s largest pay-TV company retain subscribers.
* A legal battle is looming between South African hospitality businesses and the insurance companies that have refused to pay out for business interruption caused by Covid-19;
* The Western Cape Department of Health has supported the return of pupils to schools. Although the province has the highest number of Covid-19 cases, and deaths, the incidence is very low among children;
* The United States cannot shut down its economy again because of the coronavirus, US Treasury Secretary Steven Mnuchin said on Thursday, adding that another $1trn in rescue funds will flow into the economy over the next month;
* South African mining output dropped the most since at least 1981 in April; and
* MultiChoice signed deals with Netflix and Amazon.com to offer their streaming services through its new decoder, a move intended to help Africa’s largest pay-TV company retain subscribers.
