Monetary authorities are responding with fiscal stimulus packages, such as interest-rate cuts and quantitative easing to help soften the impact of the coronavirus.
Picture: 123RF/3D GENERATORExpectations had been for a 50 basis point cut and the cut comes with aggressive changes to the GDP and inflation forecast.Or listen to the full audio:
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WATCH: SA Reserve Bank slashes interest rates by 1%ICYMI: SARB governor Lesetja Kganyago announced today that interest rates would be cut by interest rates by 100 basis points. This takes the repo rate to 5.25% and the prime lending rate will now drop to 8.75%. Some one explain to me 🤔
Source: IOL - 🏆 46. / 51 Read more »
WATCH LIVE | SA Medical Association holds Q&A on coronavirusThe SA Medical Association will hold a question and answer session on the coronavirus pandemic on Thursday evening.
Source: SowetanLIVE - 🏆 13. / 63 Read more »
WATCH | Pianist and saxophonist use music to uplift self-isolating Spanish communityAlberto Gestoso and Alexander Lebron Torrent played Celine Dion's 'My Heart Will Go On' from the movie 'Titanic'
Source: TimesLIVE - 🏆 28. / 59 Read more »
WATCH LIVE | Ramaphosa meets with religious leaders to discuss response plan for Covid-19President Cyril Ramaphosa is in discussion with religious leaders to talk about a response plan in churches amid the coronavirus epidemic. Maybe God will explain why he eventually brought this to Africa😀Maybe God will explain why he wants to hurt his children😀 Just pray.😀 Jacob Zuma did say that ANC will rule till Jesus Christ returns.🤔 Rest of SA praying😀Different Factions of ANC? Who ANC praying for🤔Hmm👹 Yeah stop saying God will protect you. Why did he let it happen in the first place. Pathetic
Source: TimesLIVE - 🏆 28. / 59 Read more »
WATCH | Revellers dance to 'Corona' at Durban's uShaka Marine World before ban on large gatheringsA video of a large group of revellers dancing and chanting 'Corona' at Durban's uShaka Marine World was taken just before the government limited the number of people at gatherings in the face of Covid-19. Overseas some countries are limiting the gathering of no more than 10 people but we are limiting to no more than 100...Doesn't feel comforting. this is the end of the world 😭😭😭😭😭
Source: TimesLIVE - 🏆 28. / 59 Read more »
WATCH: How ARC’s stake in Rain paid offARC joint-CEO Johan van Zyl talks to Business Day TV about group’s interim performance
Source: BDliveSA - 🏆 12. / 63 Read more »