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101 days of lockdown: What we gained (and lost), and what we have learned

6 July 2020 8:07 PM
Tags:
The Money Show
Bruce Whitfield
Kevin Lings
stanlib
Coronavirus
Lockdown
COVID-19
coronavirus in South Africa
covid-19 in south africa

The Money Show’s Bruce Whitfield interviews Kevin Lings, Chief Economist at Stanlib Asset Management.

Monday (6 July 2020) was Day 101 of the lockdown.

coronavirus lockdown in SA Picture: @SAPoliceService/Twitter.
  • What have we won?

  • What have we lost?

  • What lessons have we learned?

The Money Show’s Bruce Whitfield spoke to Stanlib Chief Economist Kevin Lings.

Nowadays, we’re talking about a 100% decline in some sectors… The extent, particularly in April, nothing like that has been experienced in modern history.

Kevin Lings, Chief Economist - Stanlib Asset Management

In the US… they’re starting to recover…

Kevin Lings, Chief Economist - Stanlib Asset Management

We think there’ll be a lasting effect… companies will re-evaluate whether they need so many employees… The orders of magnitude are way more than we anticipated when the lockdown started…

Kevin Lings, Chief Economist - Stanlib Asset Management

The numbers are starting to put the healthcare system under enormous strain…

Kevin Lings, Chief Economist - Stanlib Asset Management

We need savings… one month without income and businesses are at the point of failure…

Kevin Lings, Chief Economist - Stanlib Asset Management

Government has been way too focussed on the minute detail of the rules… We underestimate how important the simple things are – wearing a mask, social distancing, washing hands… People, on the whole, are behaving responsibly…

Kevin Lings, Chief Economist - Stanlib Asset Management

Listen to the interview in the audio below.


6 July 2020 8:07 PM
Tags:
The Money Show
Bruce Whitfield
Kevin Lings
stanlib
Coronavirus
Lockdown
COVID-19
coronavirus in South Africa
covid-19 in south africa

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