Weakening rand attributed to looming global recession - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABC News Online
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

इंडिया समाचार समाचार

इंडिया ताज़ा खबर,इंडिया मुख्य बातें

Economist Iraj Abedian says a looming global recession due to the coronavirus pandemic has contributed to the decline in the rand.

South Africa has 116 cases of the virus that prompted the closure of schools, a ban on gatherings of more than 100 people. This has impacted the tourism and aviation sectors.

“We know we have our own growth problems even without COVID-19 then we have a global recession looming, China is talking about recession and China is one of our major trading partners.” Financial shares were worst affected. Many investors are fleeing to the US dollar as a safe haven. The price of oil has also continued to slip – with Brent crude trading as low as $26.37 a barrel. South Africa buys Brent Crude.Abedian says the government should encourage the banking sector and the Reserve Bank to offer rescue packages to businesses in order to keep the economy moving.

 

आपकी टिप्पणी के लिए धन्यवाद। आपकी टिप्पणी समीक्षा के बाद प्रकाशित की जाएगी।

And an appreciation of british pounds😭😭😭😭

If the whole world's economy is declining, is it really declining...? Or shifting?

हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

 /  🏆 32. in İN

इंडिया ताज़ा खबर, इंडिया मुख्य बातें

Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।

Cricket South Africa concerned about players' safety abroad: Faul - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Cricket South Africa (CSA) is concerned about local players that are based abroad in the wake of the coronavirus globally. Uhmm....if they are based abroad, they are not local.....just saying..... They must repatriate them if they are seriously concern
स्रोत: SABC News Online - 🏆 32. / 51 और पढो »

LIVE: State Capture Inquiry - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Commission of Inquiry into State Capture will continue to hear Passenger Rail Agency of South Africa related testimony by its Group Executive of Legal Risk and Compliance, Martha Ngoye.
स्रोत: SABC News Online - 🏆 32. / 51 और पढो »

Churches cancel Easter services - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Catholic Church in Johannesburg has cancelled all its Easter services. This is a response to President Cyril Ramaphosa’s declaration of coronavirus as a national disaster via SABCNewsOnline Do they preach faith or fate ? Nightclubs LEADERSHIP by Ntate Matamela... A consultative President.....MzwaneleManyi
स्रोत: SABC News Online - 🏆 32. / 51 और पढो »

Home - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.SABCNews Top Stories | 18 March 2020 Visit for the latest on these stories and more. CoronaVirusUpdate COVID19SouthAfrica CoronavirusInSA Wanderers Taxis Ramaphosa Mbalula Morning guys this compensation of injuries at work it doesn't apply in other companies they say are taking you to the hospital and they pay the expense of medicine...and we're I work we had accident 3 years back and the workers get injured others died that day but no one get that Can flies carry the virus can you feature this please?
स्रोत: SABC News Online - 🏆 32. / 51 और पढो »