COVID-19 and your gym visits -Momentum Multiply

Following the recent developments with COVID-19 and the national lockdown, we recognise that this will affect your gym visits and Active Dayz™. We’ll make the following adjustments to your Active Dayz to make sure you’re not worse off as a result of not being able to go to the gym. This is how you can earn Active Dayz: We’ll work out your average gym visits, Parkruns and total Active Dayz…

Sarb slashes interest rates by a larger-than-expected 100 basis points to shield economy against COVID-19 fallout

Highlights _________________________________________________________________________________ • The South African Reserve Bank (Sarb) Monetary Policy Committee (MPC) slashed interest rates by a larger-than-expected 100 basis points to 5.25% at the March 2020 interest rate-setting meeting. • The Sarb acknowledged significant downgrades to expected global economic activity due to the outbreak and spread of COVID-19. • Significant downside adjustments to the Sarb’s economic growth outlook (1% weaker for 2020 and 0.6% lower for 2021 relative…

Outlook amidst the chaos: The current situation

Nazmeera Moola Head of SA Investments (Ninety One) After several weeks of complacency, financial markets tipped into full-blown panic on 24 February as Covid-19 continued to spread. As a result of the virus, markets are scrambling to price in the impact on the global economy of both a supply shock and demand shock. The supply shock is driven by the closure of a large portion of Chinese manufacturing capacity for…

Update on coronavirus (COVID-19)

As coronavirus (COVID-19) continues to spread worldwide, with more than 100 countries impacted, in excess of 110 000 reported cases, and South Africa now having reported a number of confirmed cases of coronavirus, it is important to note the following key points from the World Health Organisation (WHO): “We need to remember that with decisive, early action, we can slow down the virus and prevent infections. Among those who are…