Ramaphosa tests negative for coronavirus as South Africa to begin lockdown

reuters.com

- reuters.com | 5 days ago

“We can weather a few weeks, but not longer.

” Mining and metal refining companies, the core of South Africa’s economy, are either reducing or shutting down production altogether. Mines Minister Gwede Mantashe said on Wednesday that South Africa will continue to process platinum group metals, even as gold, chrome, manganese are scaled down.

The rand has hovered around four year lows for the past two and a half weeks, and on Thursday it weakened from a brief respite, as relief faded over an announcement by the central bank of a quantitative easing programme.

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