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Here’s how much a downgrade to junk will cost South Africa

What’s the cost of becoming junk? South Africa will soon find out. The country lost its last investment-grade rating late on Friday when Moody’s Investors Service cut it to Ba1, citing a weak economy and an unreliable power sector. When markets re-opened on…

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Mangudya’s Return Of US Dollar Directive Put To Law

Government has gazetted the amended statutory instrument allowing the wider use of foreign currency in the country. This follows the fixing of the official exchange rate to US$1:$25 by the Reserve Bank of Zimbabwe (RBZ) last week. The amended Statutory Inst…

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Curro schools will use their 3D printers to produce face shields for medical workers

Curro private schools aim to use their 3D printers to produce protective face shields for medical workers treating Covid-19 patients. The group said many of its schools are equipped with the printers, and it has applied for a licence to start…

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South Africa’s slow Internet – Latest repair update

Many South Africans are experiencing slow Internet speeds due to a pair of undersea fibre cable breaks. South African ISPs described the latest breaks as a high impact event that may cause performance degradation for their clients. The South African Nation …

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Booze still taboo, but SA companies beef up alcohol production for hand sanitiser

Sasol has started producing alcohols needed for hand sanitisers and will collaborate with the South African Department of Trade, Industry and Competition to prioritise supply to government entities and other essential services as a means to curb the spread of…

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Air pollution may be a leading global cause of death

New research has found that air pollution is one of the leading causes of death worldwide, far surpassing smoking, malaria, and other significant factors. Researchers have found that air pollution is a leading cause of global death. In fact, they claim that …

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Lockdown | Help from Rupert’s business relief fund is on the way

Business Partners said in a statement released on Monday that small, medium and micro enterprises in South Africa could begin applying for assistance from its R1 billion fund to keep them afloat during the three-week national coronavirus lockdown. When Presi…

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Infectious disease expert Prof. Paul Kellam on how to fight COVID-19

Speaking to Medical News Today in part one of a two part interview, Prof. Paul Kellams message is clear. The current situation is very bad, and we all have a role to play in the global effort to curb the COVID-19 pandemic. As social distancing and quarantine…

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EURUSD makes a intraday break higher…

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives…

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COVID-19 expert calls for a ‘tremendous effort from everyone’ to fight pandemic

In the second part of our interview with Prof. Paul Kellam from Imperial College London in the United Kingdom, he urges people to heed the advice of governments while he is busy helping the effort to develop a vaccine against the new coronavirus. In Part 1 o…