By Busi Mavuso

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.

We congratulate Tito Mboweni for tackling the key question in the supplementary budget of whether we continue a decline or start a process of renewal.

By Busi Mavuso

Tomorrow’s emergency budget is supposed to map a way forward for just how the state will help galvanise an economy bludgeoned by the effects of the lockdown.

Business is asking three questions ahead of the emergency budget: where the money is going to come from, how the high deficit will be met and what phase three of the economic strategy will look like.

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.

By Busi Mavuso

The upcoming emergency budget will be difficult as Tito Mboweni has to reallocate R130bn to meet the needs of the stimulus package, which is likely to ruffle some feathers.

By Busi Mavuso

Whatever courts find on lockdown details, there is no doubt that social distancing and health protocols work and must be in place.

The positive message from government is that it is committed to driving a recovery and is open-minded on engaging with business on how to do it. The shift to level three next week is important and welcome.

By Busi Mavuso

It was encouraging to see government’s commitment and eagerness to moving to level 3 in an effort to stave off the looming economic catastrophe.

Cyril Ramaphosa’s admission that some lockdown restrictions had been unclear, poorly explained and even contradictory was a powerful step in resetting government’s relationship with the public.