SA can’t afford to lose hope and resign to the worst. Business and government have to work together to ensure that the least amount of lives are lost and that the economy holds a promise of a better tomorrow.
SA could see the end of loadshedding by August next year, by when Eskom hopes to have eliminated the backlog in its maintenance programme, CEO André de Ruyter told business leaders in a webcast organised by BLSA on 26 June 2020.
As we gear up to drive an economic recovery, the downgrades of the Industrial Development Corporation and the Development Bank of Southern Africa make it more difficult for the two institutions to fund investment to support the economy.
SA runs the real risk of a sovereign debt crisis in about three years, which will feed into all our major corporations and our banking sector that managed to successfully navigate the global financial sector crash of 2008.