Newsflash: “For we are a nation at one, and we will surely prevail.”

Newsflash: “For we are a nation at one, and we will surely prevail.”
equities 24march2020
Source: Bloomberg, *time of writing 06h30, 2020-03-24

President Ramaphosa announced that the country will enter a nation-wide lockdown for 21 days with effect from midnight on Thursday 26 March. This to save the lives of hundreds of thousands of people. The full address is available in the PDF version of this newsflash which you can download here. The main points:

  • The categories of people who will be exempted from this lockdown are the following: health workers in the public and private sectors, emergency personnel, those in security services – such as the police, traffic officers, military medical personnel, soldiers – and other persons necessary for our response to the pandemic.
  • Individuals will not be allowed to leave their homes except under strictly controlled circumstances, such as to seek medical care, buy food, medicine and other supplies or collect a social grant.
  • All shops and businesses will be closed, except for pharmacies, laboratories, banks, essential financial and payment services, including the JSE, supermarkets, petrol stations and health care providers.

The president also detailed quick and targeted economic interventions aimed to support the vulnerable, support those whose livelihoods are affected, and assist businesses in distress. There are many details in the address following. We wholeheartedly support our President’s plan and initiative and as requested we will play our part.

coronavirus numbers update 24 march 2020

Click here to download the full Cinnabar Newsflash for 2020-03-24, which includes the full address from President Ramaphosa.

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