Thys du Toit issues appeal for SA’s economy to reopen

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Finance Finance Headlines News

Coronation Asset Managers co-founder has also appealed for meaningful reforms as Covid-19 deals additional damage to SA businesses

Pigeons outside a shop on Grant Avenue, in Norwood, Johannesburg. Police were still patrolling the streets of the inner city amid a nation wide lockdown. Picture: ALON SKUY​

“We need to open the economy as soon as possible,” he said. “We are going to see lots of lives that will be lost, but I believe starvation, social unrest and crime, and a myriad other chronic diseases are going to damage the economy more,” Du Toit said. The government needed to stop funding loss-making government enterprises, said Du Toit, and cut the public sector wage bill and corporate taxes.

“The lockdown is causing severe damage to what is left of a fragile economy and our wellbeing, our livelihood depends on whether we can get the economy to recover,” said Du Toit.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

COVID-19 LIVE UPDATES | SA's livelihood depends on swift reopening of the economy -CoronationThe number of South Africans to die of Covid-19 has climbed to 148, the health ministry said on Tuesday.
Source: TimesLIVE - 🏆 28. / 59 Read more »

WATCH: Level 5 lockdown weighs on SA IncCitadel's chief economist, Maarten Ackerman, shares his view on the state of SA's economy with Business Day TV
Source: BDliveSA - 🏆 12. / 63 Read more »

WATCH: Level 5 lockdown weighs on SA IncCitadel's chief economist, Maarten Ackerman, shares his view on the state of SA's economy with Business Day TV
Source: BDliveSA - 🏆 12. / 63 Read more »

Morgan Stanley-backed fund to invest in local pandemic-hit SMEsCapitalworks Investment Partners plans to invest R5bn of newly raised cash in mid-sized SA companies hit by a shrinking local economy
Source: BDliveSA - 🏆 12. / 63 Read more »