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Geordin Hill-Lewis
DA says its intentions for national debt is positive
8 March 2020, 5:44 PM

The Democratic Alliance (DA) has described the publishing of its intention to introduce legislation to stabilise the national debt as a positive move.

The DA says it reached a significant stage when its notice of intention to table the Fiscal Responsibility Bill was published in the Government Gazette for public comment.

DA spokesperson on Finance Geordin Hill-Lewis says the Bill will be tabled in Parliament this week.

Hill-Lewis is now calling on  all South Africans to submit their comments on the bill. He says if passed, this will pave way to reduce national debt and associated debt service costs, as well as  limiting government’s ability to borrow more money.

It would among other things, require the  Finance Minister to table a Fiscal Responsibility report the same time when the National Budget is tabled.

Rating agency Moody’s Cuts SA’s 2020 GDP growth forecast:

Ratings agency Moody’s on Friday cut its 2020 growth forecast for South Africa to 0.4% from 0.7%, one of several countries it saw as having lower growth prospects in a new report because of the coronavirus outbreak.

Moody’s is the last of the major international agencies to keep an investment grade rating on South Africa and is scheduled to review that assessment this month.

“We expect these shocks to materially slow economic activity, particularly in the first half of this year. We have therefore revised our 2020 baseline growth forecasts for all G-20 economies.”

Jorge Campillo
Campillo wins Qatar Masters golf tournament
8 March 2020, 4:38 PM

Spain’s Jorge Campillo won the Qatar Masters golf tournament, after he birdied the fifth extra hole in a play-off with Scotland’s David Drysdale.

Overnight leader, Campillo, together with Drysdale finished regulation play on 13 under 271 for the tournament.

It was difficult to separate the two in the play-off, and it was only when Campillo birdied the fifth extra hole, and Drysdale came up short, that the Qatar Masters for 2020 was concluded.

It’s a second European Tour victory for Campillo, and heart-ache for Drysdale, this tournament was his 498th start on the tour, and he is still searching for his first win.

Loadshedding
Eskom says unplanned breakdowns increase
8 March 2020, 4:01 PM

Eskom has warned that there’s a possibility of loadshedding for Sunday, due to an increase in the number of unplanned breakdowns at its power stations.

Spokesperson Sikonathi Mantshantsha says they are replenishing the emergency reserves to be in a better position to meet demand for the coming week.

“Although we do not expect to implement loadshedding today, we must indicate that the likely-hood has increased that we may have to implement loadshedding. As we have had an increased in the number of breakdowns and we have identified further system risks, we are continuing to replenish further reserves, and the system is constrained unpredictably and vulnerable at this point.

“Should there be further changes, negative changes to the system performance, we may have to implement loadshedding at short notice,” says Mantshantsha.

Mantshantsha earlier said Eskom has lost seven power stations due to various technical faults.

Red Cross is mobilising teams to allay Covid-19 fears
8 March 2020, 3:41 PM

The South African Red Cross in KwaZulu-Natal says it is mobilising its teams across the province to begin to allay fears about the coronavirus. Three South Africans in the country have been confirmed to have tested positive for the infection. Two of these are from Hilton outside Pietermaritzburg in the KwaZulu-Natal Midlands.

Red Cross acting provincial leader, Siyabonga Hlatswayo, says teams have been trained and they are ready to go into communities to create awareness about hygiene and to calm any fears.

“We’ve had workshop and we’ve started training our volunteers our volunteers being on the ground what they are going to be doing.

“They are going to be spreading the information now in the communities.

“We do not want to cause any panic so the moment you give people information that way you are also controlling panic in the comms because if they are aware of how to control of how to protect themselves then that should calm the situation,” says Hlatswayo.

Meanwhile, the health department says it is anticipating more positive results from the group of people who returned from Italy. This after a third positive coronavirus case was confirmed in KwaZulu-Natal. The patient is the wife of the man in Hilton, outside Pietermaritzburg, who was the first confirmed case.

In this video below wife of SA’s COVID-19 patient zero is the latest local to test positive for the virus:

The man and his wife were part of a group of ten people who travelled to Italy. Nine members of the group returned to South Africa on March the first. The department’s deputy director-general, Anban Pillay, says they are anticipating further positive results.

“… because the city that they were in Italy was one of the high prevalence areas in Italy where the corona virus outbreak was quite high. It’s not surprising that many of them who had visited that area have tested positive. We have isolated everyone who’ve come through in terms of their contacts we hopefully will prevent any further transmission in South Africa itself.”

Health Minister confirms third coronavirus patient:

Cyril Ramaphosa
LIVE: Ramaphosa speaks at the ANCWL Fundraising Gala Dinner
7 March 2020, 9:58 PM

President Ramaphosa addresses ANC Presidencial Gala dinner.

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