By Busi Mavuso
The implications for rural and township economies, where the bulk of the damage was incurred due to recent unrest, looting and destruction to property, will be far reaching.
The cost of the economic carnage in KZN and Gauteng will be carried by the most vulnerable segments of South African society.
By Busi Mavuso
The rule of law took precedence over political prudence. No-one can display the contempt of court that Zuma did without expecting consequences.
Business confidence has had a shot in the arm from several directions at once. The arrest Jacob Zuma and improvements in vaccination rates are some of the reasons why.
The state should consider providing further social support for the vast majority of South Africans who aren’t as shielded from the economic strain caused by these unavoidable lockdowns.
The business sector is a national asset. Government needs to work with it to ensure it is not unnecessarily damaged.
I agree with the president that the measures taken reflect strong efforts to minimise the impact on the economy, with most businesses able to continue at full capacity.
Last week South African business lost one of its giants. Jabu Mabuza helped business find its voice at the height of state capture.
It is with deep sadness and sorrow that BLSA learnt of the passing of its former Chairperson, Dr Jabu Mabuza. He passed away earlier this evening following complications due to Covid-19.
One area the economic reconstruction and recovery plan is clear on is energy security. As our economy reels from more devastating load-shedding, the urgency of this is ever more apparent.
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