Category: Press Releases

Newsflash: SA Deaths Double
Post

Newsflash: SA Deaths Double

Covid19 related deaths in South Africa rose from 5 on Friday morning to 11 as at Sunday night, with an increase of the total number of confirmed cases rising 70 since Saturday. Billionaire philanthropist Bill Gates said that the coronavirus death toll in the US could be “well short” of the estimates of the top...

Newsflash: Lockdown, 1/3 done
Post

Newsflash: Lockdown, 1/3 done

6.6 million US workers filed for their first week of unemployment benefits for the week ending 28 March. The previous week’s number was 3.3 million. The worst number previously was 665 000 on March 28 in 2009. These two new numbers imply that the US unemployment rate is now 9.5%, up from 3.5% just a...

Newsflash: Anyone for Tennis?
Post

Newsflash: Anyone for Tennis?

The global infection rate is approaching 1m people, and with the total deaths, this implies a mortality rate of 5%, which is higher than predicted. We hope that this will drop with the roll-out of many more tests. Global equity markets fell yesterday with the US S&P 500 dropping the most two weeks. This comes...

Newsflash: Eye of the storm?
Post

Newsflash: Eye of the storm?

The Rand held steady against the US dollar, ending the first day after the Moody’s credit downgrade and is currently below the USD/ZAR18 level (although it did spike past that level intraday). The infection rate in South Africa is not exponential. Global infection rates, though going up, have not spiked, with daily increases holding steady...

Newsflash: Junked
Post

Newsflash: Junked

Sadly, South Africa recorded its first COVID-19 related deaths with a woman in Cape Town and a man in Ladysmith passing away over the weekend. Mental health issues are also increasing. A finance minister of Germany’s Hesse state died by suicide, apparently over concerns regarding the economic fallout from the virus. If you or anyone...

Newsflash: Lockdown – Day 1
Post

Newsflash: Lockdown – Day 1

As we start the first day of Lockdown, our thoughts go to those who may be sick and struggling with the disease. We then think of the millions whose livelihood is threatened by having to stop working. Lastly, we think of those that will be continuing to expose themselves to the virus by maintaining essential...

Newsflash: Countdown to midnight
Post

Newsflash: Countdown to midnight

The Government Gazette No. 11 062: DISASTER MANAGEMENT ACT, 2002: AMENDMENT OF REGULATIONS ISSUED IN TERMS OF SECTION 27(2), 25 MARCH 2020 was released and will be governing our lives from midnight tonight till midnight on the 16th of April 2020. The main message of the document is that you cannot leave your place of...

Newsflash: The First Cut is the Deepest
Post

Newsflash: The First Cut is the Deepest

The South African Reserve Bank MPC meeting unanimously decided to cut the Repo rate by a full 1% which was more than the market on average expected. This is largest cut since 2013. This cut will help relieve some pressure on households and businesses but will not cure the economy or stimulate growth. Inflation is...