Economic news of the week: re-opening SA's economy
Loading player...
In this edition of the Business Day Spotlight, we focus on the continued effects of Covid-19 on the economy, re-opening of the SA economy and government’s stimulus plan.
Our host Mudiwa Gavaza is joined by Phil Alves, an economist and senior managing consultant at Berkeley Research Group to discuss the issues.
SA is in the fourth week of a five-week national lockdown.
On Tuesday, President Cyril Ramaphosa announced a R500bn economic support package for SA, which amounts to 10% of the country's GDP. On Thursday, he announced that the lockdown restrictions would be lifted in phases. There are five levels, with level 5 being a hard lockdown and level 1 the most relaxed.
The discussion also touches on the phased re-opening of the economy, the stimulus package, effect of coronavirus on small businesses, consumer buying power, concerns of corporate players, and an outlook for the SA and global economy.
Our host Mudiwa Gavaza is joined by Phil Alves, an economist and senior managing consultant at Berkeley Research Group to discuss the issues.
SA is in the fourth week of a five-week national lockdown.
On Tuesday, President Cyril Ramaphosa announced a R500bn economic support package for SA, which amounts to 10% of the country's GDP. On Thursday, he announced that the lockdown restrictions would be lifted in phases. There are five levels, with level 5 being a hard lockdown and level 1 the most relaxed.
The discussion also touches on the phased re-opening of the economy, the stimulus package, effect of coronavirus on small businesses, consumer buying power, concerns of corporate players, and an outlook for the SA and global economy.
