US stocks rocketed higher on Monday, with each of the major indexes rallying at least 7%, after a fall in the daily death toll in New York, the country’s biggest coronavirus hot spot, fueled optimism a leveling off of the pandemic was on the horizon.
Nadia, the tiger who tested positive for the novel coronavirus in New York, and six other big cats who developed a dry cough at the Bronx Zoo appeared to be on the mend on Monday after doses of medication and tenderness.
South Africa’s Denel will design and develop medical ventilators in partnership with other state-owned entities, research bodies and medical technology companies to help treat coronavirus patients, the state arms and technology company said on Sunday.
The group of oil producers known as OPEC+, including Saudi Arabia and Russia, are likely to agree to cut production at a meeting scheduled for Thursday as long as the United States joins in cutting output, three OPEC+ sources told Reuters.
The number of coronavirus cases in South Africa has increased by 31, bringing the number to 1 686. In a statement, the Department of Health has also announced another death of a 54-year-old man from the Western Cape.
The World Health Organisation (WHO) voiced concern on Monday that the wearing of medical masks by the general public could exacerbate the shortage for health workers on the front lines of the COVID-19 pandemic.
Some foreign nationals who are still living on the streets around the Central Police Station and the District Six Museum say they are pleading with the authorities to take them to a safe and humane space during the lockdown.
The Reserve Bank has cut its growth forecasts for South Africa, predicting the economy could shrink by as much as 4% in 2020 due to the coronavirus pandemic, the national 21-day lockdown and the recent downgrades by credit rating agencies.