As the world continues to face challenges in dealing with the Coronavirus (COVID-19) pandemic, we are taking steps to provide some safety measures to our clients and staff.
Given the wide-ranging impact of the pandemic and in line with advice from government and the World Health Organisation (WHO), limiting unnecessary human contact is an invaluable precaution. We therefore strongly encourage you to use our suite of digital tools and trading platforms for your financial needs. Digital platforms provide an efficient, fast, safe and nearly instantaneous solution to many, if not all your investing requirements, away from public spaces.
KEEPING EVERYONE SAFE
The safety of our employees and clients is something that we care deeply about. While the extent of COVID-19 is still unknown, our plans have the necessary flexibility to evolve as the situation requires.
As a result, Sharenet will unfortunately not be accommodating client meetings at a branch level, for the forceable future. As soon as the situation changes, we will advise you, our valuable clients accordingly.
The widespread concern around COVID-19 creates the perfect opportunity for cybercriminals to defraud customers. To ensure protection against targeted ransomware and Malware attacks, remember to install the latest version of a Multi-layered Antivirus program and never share your account details online or via email.
Sharenet remains fully operational and should you experience any technical difficulty, rest assured that our superior support staff is ready to assist with any technical queries and can be reached on:
30/03 The world's largest platinum producers Anglo American Platinum, Sibanye-Stillwater and Impala Platinum have declared force majeure on contracts after a three-week national lockdown forced operations to close.
30/03 South Africa's rand hit an all-time low on Monday after ratings firm Moody's removed the country's last investment grade credit rating and downgraded it to "junk" status - although the selloff. . .
30/03 South African retailer
Massmart said on Monday it was confident it had
sufficient funding in place to weather a 21-day nationwide
lockdown but said it was too soon to estimate the financial
impact of the. . .
30/03 South Africa's Netcare has scrapped its 2020 outlook, suspended spending on projects and share buybacks, and may need to review its dividend policy due to the impact of coronavirus, the private. . .
30/03 Zimbabwe began a 21-day
nationwide lockdown on Monday, following South Africa in
implementing some of the world's toughest anti-coronavirus
measures likely to hurt an economy already suffering
hyperinflation and food shortages.. . .
30/03 South African clothing
and homeware retailer TFG said on Monday it will
suspend store rental payments for April due to a country-wide
coronavirus 21-day lockdown that has forced all its stores to
temporarily close.. . .
30/03 Anglo American Platinum
said on Monday it had declared force majeure on certain supplier
contracts not considered essential as the bulk of its South
African operations are temporally shut to comply with a
three-week national. . .
30/03 Platinum producer
Sibanye-Stillwater said on Monday it would declare
force majeure on supply contracts for platinum group metals
after it temporarily closed its South African mines to comply
with a three-week national lockdown.. . .
30/03 Offshore investors bought a net of 355
million rand ($19.77 million) of South African stocks last week and 5.02 billion
rand in bonds, data from the Johannesburg Stock Exchange showed on Monday.
STOCKS. . .
30/03 South Africa has considered approaching the International Monetary Fund (IMF) and other institutions as a last resort for emergency funding to fight the coronavirus that has brought a national lockdown, the. . .
29/03 South Africa would only
consider approaching international agencies such as the
International Monetary Fund (IMF) for emergency funding as a
last resort to help in the country's fight against the
coronavirus, the finance minister. . .
29/03 South Africa may approach the International Monetary Fund and World Bank for funding to fight the coronavirus that threatens to drag the country's economy deeper into recession, Finance Minister Tito Mboweni. . .
28/03 Moody's downgraded South Africa's sovereign credit rating to "junk" status on Friday, heaping more pain on an economy already in recession and now staring down the barrel of a steep contraction. . .
28/03 South Africa's National
Treasury said on Friday that Moody's sovereign downgrade to
"junk" status would add to prevailing financial market stress
but that it was difficult to say with certainty what the extent
of the. . .
27/03 South Africa's AngloGold
Ashanti on Friday withdrew its production guidance and
said it would conserve cash and cut non-essential spending after
some operations were suspended due to coronavirus.. . .
27/03 South Africa has eased regulations govening small-scale power producers as part of efforts to tackle the country's energy problems, but industry experts said the changes did not go far enough.. . .
27/03 South Africa's AngloGold Ashanti's on Friday said it would conserve cash, prioritise capital spending, reduce non-essential spending and withdraw its production guidance as some operations are suspended due to coronavirus.. . .
27/03 South Africa's February budget surplus
narrowed to 2.15 billion rand ($122.63 million) compared with a 10.86 billion
rand surplus in the corresponding period of the previous year, Treasury data
showed on Friday.. . .
27/03 South Africa's logistics firm Transnet said it would reduce transport services and non-essential cargo operations during a nationwide lockdown that began at midnight on Thursday to contain the coronavirus.. . .
27/03 Mediclinic International Plc has appointed former chief executive of Lloyd's of London, Inga Beale, as an independent non-executive director and its next chairwoman, the company said on Friday.. . .
27/03 South Africa's Anglo American Platinum (Amplats) said on Friday repairs at its processing facilities would continue while operations its underground mines and smelter were curtailed due to a three-week lockdown over. . .
27/03 Moody's will cut South Africa's sovereign credit rating later on Friday as a recession deepened by the impact of coronavirus frustrates economic reform efforts aimed at reducing government debt, a Reuters. . .
26/03 South Africa's budget
retailer Mr Price said on Thursday its sales have
declined 22.1% since President Ramaphosa declared a national
state of disaster on March 15 following the outbreak of the
coronavirus in the country.. . .
26/03 Aveng will stop mining activities at its South African sites during a 21-day lockdown over the coronavirus crisis, while some of its operations in New Zealand have stopped temporarily, the construction. . .
26/03 South Africa's main export terminals will be closed to mineral exports from midnight on Thursday when a nationwide 21-day lockdown over coronavirus begins, disrupting copper supply from major producer Zambia.. . .
26/03 Creditors of cash-strapped South African Airways (SAA) have authorised an extension of the deadline for the airline's business rescue plan until May 29, the airline's administrators said on Thursday.. . .
26/03 Emerging market shares and currencies
were mixed on Thursday with investors remaining cautious after
two days of strong gains spurred by the announcement of massive
monetary and fiscal coronavirus stimulus packages worldwide.. . .
26/03 South Africa's rand was weaker early on Thursday as the relief of the central bank's announcement of a quantitative easing program faded with some investors taking profits as the country prepared. . .
25/03 South Africa is
considering giving telecoms companies increased spectrum, or
airwave capacity, as millions of people switch to home working,
testing networks and driving up data traffic, the communications
minister said on Wednesday.. . .
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