By Busi Mavuso

We have hit the economic iceberg. The decision by Moody’s to downgrade our credit rating to junk finally cut SA’s tenuous hold on its last investment-grade rating.

The Sword of Damocles has fallen. SA’s debt is now rated junk by Moody’s and raising new debt will be more expensive. The question is what government does next.

By Busi Mavuso

Tonight we head into a first in South Africa’s young history, with the entire population being placed under lockdown for our greater good.

Interventions by governments and monetary authorities around the world have been dramatic in response to Covid-19 – reminiscent of war times.

By Busi Mavuso

SA needs to implement structural reforms, which will imbue the state with credibility at a time when it will count the most as investors settle into a post-coronavirus world.

By Busi Mavuso

We have to pull together to confront Covid-19. Business is mobilising. Important objectives are to ensure we can continue getting goods and services to consumers and to increase supply of goods that are particularly needed now such as hand sanitiser, personal protection equipment for frontline staff and medicines.

The shock of coronavirus on SA’s economy will be dire, regardless of whether or not the country successfully contains the spread.

By Busi Mavuso

SA is caught up in a perfect storm of a weak economy, loadshedding and the Coronavirus. This threatens us with another full-blown recession.

BLSA CEO Busi Mavuso recommends the required stimulus package to best respond to coronavirus, which is proving to have dire consequences on SA’s embattled economy.

By Busi Mavuso

Coronavirus gives SA an opportunity to make bold political decisions and effect the structural reforms we have been talking about