Three Covid-19 cases; No need for travel ban; Moody's lowers forecast; Mining preps for virus; Short notice blackouts

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In today's news headlines:
-The number of positive coronavirus cases in South Africa has risen to three, after the wife of the Kwazulu-Natal man who was the first case of the disease in South Africa, also tested positive. A second case in Gauteng is also linked to the couple. Health Minister Zweli Mkhize said there was no reason to fear the virus;
- President Cyril Ramaphosa said there was also no need for South Africa to implement travel bans related to countries affected by Covid-19 at this stage because there were only a few cases so far;
- Rating’s agency Moody’s has cut South Africa’s 2020 growth forecast from 0.7% to 0.4% saying the country’s growth prospects are at risk because of the coronavirus outbreak;
- The mining sector has put in place an action plan to deal with possible cases of the coronavirus as it acknowledged that there could be a high degree of exposure in the industry and is ready to mobilise large-scale medical facilities; and
- Eskom, despite not implementing loadshedding since the 22nd
of February, warned that it may have to implement blackouts ‘on short notice.’ Learn more about your ad choices. Visit megaphone.fm/adchoices
8 Mar 2020 10AM English South Africa Investing · Business News

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