By Busi Mavuso
We needed decisive intervention from government in the face of an economy that is set to reel from the effects of covid-19. It was delivered.
Trade and industry minister Ebrahim Patel briefs business on government’s risk-adjusted strategy in reopening the economy.
By Busi Mavuso
There’s a lot riding on the solutions that the cabinet proposes to recast the economy for much-needed growth.
By Tebele Luthuli
The reasons for the ban on cigarette sales, though, remain unclear and should be open for discussion and review.
The two-week extension of the lockdown is like taking a punch to the gut, but we need to consider the ramifications. Economists are penciling a deeper GDP contraction this year of -9.7%.
The lockdown is unprecedented – there’s no manual on how to respond to the shutdown of commerce.
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.
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.
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.
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