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Friday, June 5th, 2020

Covid-19 cases rise to 1,749, 13 deaths; BJ ‘stable’; rand is a ‘steal’ – analyst; banks; China prowls for M&A bargains

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by April 7, 2020 Financial News

BizNews — In today’s news headlines:* As of late Tuesday, the total number of confirmed Covid-19 cases in South Africa stands at 1749, with 13 reported deaths.;* Get well messages have poured in for UK Prime Minister Boris Johnson, who has contracted Covid-19 and was admitted to the intensive care unit of a London hospital on Monday;* South African bank stocks recovered to make gains on Tuesday after the central bank signalled that its advice not to pay dividends did not include 2019’s and that the National Treasury was considering a scheme to encourage lending, reports Reuters;* Emerging-market currencies offer the best buying opportunity in more than two decades, according to Charlie Robertson, Renaissance Capital’s global chief economist – who particularly likes the rand right now; and* Chinese firms are getting ready for discounted deals in Europe, where the coronavirus pandemic has sent companiesscramblingfor cash to stay in business. …

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Author: BizNews The Daily Insider

This article was originally posted on BizNews.

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