There has been mostly positive reaction to President Ramaphosa’s stimulus package.
The government has set aside a five-hundred-billion rand social and economic support package amid the Lockdown.
The interests of the health of our people and that of the overall economy have never been so finely pitted against each other as they are in the discussion about just when and at what pace we start opening up the economy.
The illicit trade of tobacco goods has long been a problem in South Africa and while it needs more attention from lawmakers, we need to question how much more profitable this illicit trading is becoming during the COVID-19 lockdown.
To understand the magnitude of the economic challenge facing the country over the next two years, one should compare our current state to the last global recession just over a decade ago.
Under our initial plans, this week would have been the last under lockdown. Yet that was always the best-case scenario as the lessons from China and Europe pointed to an extension, and so it has come to pass. For the rest of the month at least, we’ll remain in our homes as best we can.
What the South African economy is going through is as unprecedented for South Africa as it is for many other countries across the globe.
We need to consider the ramifications of the lockdown on the world once we win the war against Covid-19
BLSA CEO Busi Mavuso joined Power FM economic roundtable to express views on the business response to COVID-19; the recent Moody’s downgrading of South Africa to junk status and the associated implications and talks of the possible approach to the IMF to assist the country against the pandemic, should a need arise.
THE Great Recession had a massive effect on employment around the world with some 34-million jobs being lost as a result of the near collapse of the financial sector after Lehman Bros folded in 2007. In South Africa, estimates are that about a million jobs were lost as a result of that recession.
Policy and Legislation Private Power Generation Working Group An Energy Working Group between Business (led by BUSA) and the Department of Mineral Resources and Energy (DMRE), led by Deputy Director-General Jacob Mbele, which seeks to address the licensing challenges for private power generation, has been established. On 24 February 2020, the Working Group met for the first time,…
Placing the entire population under lockdown for our greater good is a first in South Africa’s young democracy. For many, this period of 21 days of domestic confinement heightens our anxieties about our shared future.