The Reserve Bank says the impact of theThe Central Bank says the financial market reactions reflect the uncertainty the world is facing. It says that based on this assessment it would take appropriate steps in accordance with its constitutional mandate to mitigate the risks to the South African economy.
“Investors are trying put a bottom in here,” said Rick Meckler, partner at Cherry Lane Investments in New Vernon, New Jersey. The dollar rallied after huge losses against the safe-haven Japanese yen and Swiss franc, but analysts said it was too early to predict a floor. The greenback plunged on Monday after the Saudi-Russia price war triggered the biggest daily rout in oil prices since the 1991 Gulf War.
Russian oil minister Alexander Novak said he did not rule out joint measures with the Organization of the Petroleum Exporting Countries to stabilize the market.
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Four new coronavirus cases confirmed in South Africa - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Health Minister Zweli Mkhize says four more people have tested positive for CoronavirusInSA CoronavirusOutbreak via SABCNewsOnline The 5th one Tomorrow it's gonna be 12
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