#PODCAST Stock markets nosedive as #coronavirus fears climb

by Newsbreak Producer, Tashlan Naidoo - The price of oil has fallen to its lowest level in years - bringing with it both negative and positive effects, locally and internationally. The 30-per cent collapse came after Saudi Arabia's decision to raise production - following the oil producers' cartel, OPEC's, failure to strike a production deal with Russia to extend existing production cuts. Meanwhile... Asian stock markets plunged at the start of trade today amid coronavirus fears, adding to investors' nervousness. Economist at Efficient group, Dawie Roodt says with the first three confirmed cases of COVID-19 being registered in the country, South Africa could see an economic growth rate of below zero-point-five-percent in 2020...