Stock trading south africa

CAPE TOWN: Player salaries for the South African 2020-21 cricket season are safe, but the long-term effects of the coronavirus pandemic could mean the country's cricketers earn less in the future, Cricket South Africa Acting CEO Jacques Faul has said. A number of sports teams and organisations around the world have either reduced the salaries of players and officials, or cut their staff numbers in the wake of the virus outbreak that has crippled global sport. Faul said CSA, who contract players on a yearly basis, will not follow suit, but believed the longer-term prospects for player income is of great concern. "We have budgeted for the amount. It is a centralised system and both the national team and franchise players are budgeted for," Faul told local media on Tuesday. "At this stage we will have enough capacity to see us through the season. "But in the long term, even if we cover this season, we will have to look at what the situation is going to be after that and the … [Read more...] about Cricket: South Africa won’t reduce player salaries for 2020-21 season

JOHANNESBURG: South African businesses braced for a nationwide lockdown and panic buyers stockpiled food and other essentials on Tuesday as the number of confirmed coronavirus cases jumped to 554 from 402 a day earlier. President Cyril Ramaphosa announced the 21-day lockdown from midnight on Thursday in an address to the nation on Monday, saying Africa's most advanced economy needed to escalate its response to curb the spread of the respiratory pandemic. South Africa has the highest number of confirmed coronavirus cases in sub-Saharan Africa, and public health experts are worried that the virus could overwhelm the health system if infection rates rise steeply. Ramaphosa deployed the army in the streets, ordered underground mines to suspend operations and confined tourists who had arrived recently from "high-risk" countries to their hotels - some of the toughest measures on the continent. Rwanda has also imposed severe restrictions on movement, including "non-essential … [Read more...] about South Africa braces for lockdown as coronavirus cases spike to 554

REUTERS: South African-born batsman Devon Conway is set to make his international debut with New Zealand after the International Cricket Council (ICC) confirmed his eligibility starting Aug 28. Conway has also been granted an exceptional circumstance dispensation by the ICC, which means should he be selected for New Zealand's tour of Bangladesh starting on Aug 12, he would be allowed to play tour matches before the deadline. The tour is in serious doubt as international cricket remains suspended because of the coronavirus pandemic. "There are mixed feelings at the moment," Conway told a news conference from his home in Wellington on Tuesday. "Obviously, really happy to hear the news about my eligibility but then again with regards to what's happening throughout the world it just puts it in perspective." The left-handed batsman's first New Zealand cap remains a formality, given his impressive numbers across all formats since he first appeared for the Wellington Firebirds in … [Read more...] about Cricket: South African run machine Conway cleared to play for New Zealand

LONDON: World stocks were mixed on Thursday, as the death toll from coronavirus rose and economic pain deepened, with another record week of jobless claims expected in the United States. Investors sought the safety of the U.S. dollar, which hung on to recent gains. Oil futures surged after U.S. President Donald Trump said he expected Saudi Arabia and Russia to reach a deal soon to end their oil price war. In Japan, the Nikkei index ended down 1.37per cent, taking its losses to 25per cent so far this year. European stocks made tentative gains, with the pan-European STOXX 600 gaining 0.5per cent. Wall Street futures added 1.8per cent after plunging overnight. "U.S. jobless claims are expected to surge again, and in this environment we cannot talk about a recovery in equities in the short term. The best you can hope for is stabilisation in the current environment," said Francois Savary, chief investment officer at Swiss wealth manager Prime Partners. In Europe, oil and gas … [Read more...] about World stocks drift as wary investors expect grim US jobs data

SYDNEY: Oil prices skidded on Monday after Saudi-Russian negotiations to cut output were delayed, keeping oversupply concerns alive, while stocks jumped as investors were encouraged by a slowdown in coronavirus-related deaths and new cases. In currency markets, sterling fell 0.4per cent early in Asia after British Prime Minister Boris Johnson was admitted to hospital following persistent coronavirus symptoms 10 days after testing positive for the virus. Brent crude fell as much as US$4 after Saudi Arabia and Russia postponed their meeting, initially scheduled for Monday, to Thursday even as the virus pandemic pummels demand. Equity investors, however, took solace as the death toll from the coronavirus slowed across major European nations including France and Italy. "With a very light calendar globally today, there is enough momentum to keep the equity rally running through the course of the day and also into European time," said Jeffrey Halley, Senior Market Analyst, Asia … [Read more...] about Oil slips on oversupply fears, but stocks jump on virus slowdown hopes