Covid-19 pandemic: 'catastrophic' economic impact looming in SA

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As many as 7-million South Africans could join the ranks of the jobless if large swathes of the economy remain shut until the end of the year.

The researchers project that even a"quick" recovery would see the economy contract 5%,"an economic outcome that would have been considered catastrophically bad a little more than one month ago".

Jobs in construction and manufacturing will be hard hit, and the trade and accommodation sector, which includes restaurants and hotels, could see more than 1-million job losses in a worst-case scenario.

 

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Is level four now we already lost our jobs

Do you think SouthAfrica needs the IMF's help and should the IMF support SouthAfrica? (share you're reason why)

We are going back to our normal lives. We have defeated the invisible enemy. Bill Gates lost

Ask the nation what they want and you willl be shocked 👀

Lockdown madness ensues

cANCer gonna kill you

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