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By Busi Mavuso

South Africa needs to focus on the safe reopening of the economy and ensuring the pressure remains on policymakers to keep their commitments to structural reforms.

Trade and industry minister Ebrahim Patel briefs business on government’s risk-adjusted strategy in reopening the economy.

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.

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.

BLSA is a business organisation that believes in South Africa’s future and shares the values set out in the Constitution. In 2017, BLSA signed a contract with South Africa, committing business to playing its part in creating a South Africa of increasing prosperity for all by harnessing the resources and capabilities of business in partnership with government and civil society to deliver economic growth, transformation and inclusion.

Tito Mboweni has faced up to the challenges and delivered a tough budget that will rescue the state from financial disaster – if it can be implemented.

South Africa’s national finances are in a perilous state and the finance minister will have the difficult task of setting out how they will be managed.

It is up to President Cyril Ramaphosa to reinvigorate and inspire confidence in South Africans from all walks of life in his SONA.

Prescribed assets, on the surface, may seem to be a quick-fix to Eskom’s problems but that would serve only to guarantee poor returns for pensioners. BLSA argues for some hard decisions to be taken now to ensure long-term sustainability of Eskom and other SOEs.