From Business Insider South Africa:
You can now order an ‘isolated’ Bolt ride in SA’s big three cities – at no extra cost
SA may be getting new rules on what qualifies as a bicycle – with big implications for e-bikes
SA’s national state of disaster – on drought – has been extended another month
End of an era: Absa to scrap cheques - starting next month
MTN says 5G is due in major cities soon – but exactly where is still ‘confidential’
SA smokers have changed their habits, according to a new survey
The ECB just announced more than R11 trillion of new stimulus to fight the coronavirus
Today's headlines:
1. The rand strengthened to R16.85/$ this morning – despite weaker global markets. While a new round of emergency stimulus from the European Central Bank provided a boost, Wall Street was dragged lower by dismal jobless claims data.
2. Clicks will appeal a court ruling that found it can’t own retail pharmacies and manufacture medicines. Small pharmacies took Clicks to court for contravening the Pharmacy Act, and won.
3. FirstRand – owner of FNB – warned its profits will decline by more than 20% due to falling income and bad debts.
4. The Covid-19 death toll has hit 848, after 56 more people died – a record-high number for a single day. 54 of the fatalities were in the Western Cape. The number of cases rose by 3 267 to 40 792.
5. Meanwhile, the Western Cape government says it will pay private hospitals R16 000 per bed if the state runs out of bed space.
Table of the day:
Tweet of the day:
I lost my aunt today..... she’s not dead, just racist.
— TJ?? (@trevormeyer_) June 3, 2020
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