Economic news of the week: SA economy weathers blow after blow
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In this edition of the Business Day Spotlight, we discuss the economics news of the week as SA begins its phased approach to re-opening the economy.
Our host Mudiwa Gavaza is joined by Sanisha Packirisamy, an economist at Momentum Investments to unpack the issues.
The conversation begins with Packirisamy explaining the recent S&P Global Ratings decision to downgrade SA further into junk status. S&P cited the effect of the Covid-19 pandemic on the economy and heightened concerns about the long-term sustainability of the country's debt.
The discussion also touches on S&P’s recent downgrade of SA, the challenges and opportunities likely to be faced in re-opening the economy, considerations at the local, provincial and national level; and if SA is likely to see more stimulus from government, even as more people go back to work.
Our host Mudiwa Gavaza is joined by Sanisha Packirisamy, an economist at Momentum Investments to unpack the issues.
The conversation begins with Packirisamy explaining the recent S&P Global Ratings decision to downgrade SA further into junk status. S&P cited the effect of the Covid-19 pandemic on the economy and heightened concerns about the long-term sustainability of the country's debt.
The discussion also touches on S&P’s recent downgrade of SA, the challenges and opportunities likely to be faced in re-opening the economy, considerations at the local, provincial and national level; and if SA is likely to see more stimulus from government, even as more people go back to work.
