https://www.engineeringnews.co.za
Africa|Business|Coal|Eskom|Gold|Mining|Platinum|Power|Refining
Africa|Business|Coal|Eskom|Gold|Mining|Platinum|Power|Refining
africa|business|coal|eskom|gold|mining|platinum|power|refining

South Africa Coronavirus cases exceed 900, Ramaphosa urges G20 aid

President Cyril Ramaphosa

President Cyril Ramaphosa

27th March 2020

By: Reuters

  

Font size: - +

South Africa's number of coronavirus cases jumped to more than 900 on Thursday and President Cyril Ramaphosa called for richer countries to help African nations deal with the economic fallout, hours before the start of a countrywide lockdown.

The president underwent a test on Tuesday on the advice of doctors and received a negative result on Wednesday night.

"We now have more than 900 people who are infected, as the minister told me, and we fear that it might rise even much further than that," the president said in Pretoria.

"We as Africa have called upon the countries of the G20, particularly the more developed economies, to support stimulus packages to Africa," he said, adding that they had also called for IMF and World Bank debt relief.

Ramaphosa has been praised for ordering some of the toughest measures on the continent, including a 21-day lockdown to begin on Friday morning from midnight. He has deployed the army to support the police.

But the lockdown threatens to cripple an economy already beset by power cuts and shrinking since the end of last year.

"I've got two months cash in the bank. Nothing more. After that we close down," Rajan Govender, 51, said at his family-run Indian restaurant in a Johannesburg suburb as he prepared to send staff on compulsory paid leave.

"We can weather a few weeks, but not longer."

Mining and metal refining companies, the core of South Africa's economy, are either reducing or shutting down production altogether.

Mines Minister Gwede Mantashe said on Wednesday that South Africa will continue to process platinum group metals, even as gold, chrome, manganese are scaled down.

The rand has hovered around four year lows for the past two and a half weeks, and on Thursday it weakened from a brief respite, as relief faded over an announcement by the central bank of a quantitative easing programme.

State power utility Eskom has applied for its critical staff to be exempt from the stay at home order so electricity supplies will not be interrupted. It has said coal supplies are adequate.

Businesses are bracing for further damage from the lockdown, with Airlink becoming the latest local airline to suspend flights from midnight on Thursday. State-owned South African Airways (SAA), already massively unprofitable and with an unsustainable debt burden, has also cancelled flights.

SAA's creditors have authorised an extension of a deadline for the airline's business rescue plan until May 29, the airline's administrators said on Thursday.

Edited by Reuters

Comments

Showroom

ESAB showroom image
ESAB South Africa

ESAB South Arica, the leading supplier of high-end welding and cutting products to the Southern African industrial market is based in...

VISIT SHOWROOM 
Immersive Technologies
Immersive Technologies

Immersive Technologies is the world's largest, proven and tested supplier of simulator training solutions to the global resources industry.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.049 0.096s - 140pq - 2rq
Subscribe Now