Beware: Fake Telkom directory update scam rears its head again
Load shedding a serious turnoff for matric learners as exams begin - Umalusi CEO
Some units have returned to service, more to follow during the day - Eskom
Citizen Satisfaction Index in SA lowest in 5 years, Cape Town scores highest
What the DA, ANC and EFF promise to voters who choose them to lead
'Historic' agreement signed to include unions in modernising SA mining sector
SA-made Toyota Corolla Cross hybrid going for R413 000
What to expect from the economy in 2022, according to Citadel
Elon Musk becomes richest person to ever walk the planet – Forbes
75-year-old Blue Train is back on track!
Zip Zap Circus takes to the stage in Cape Town for one day only
Returning elder care to its rightful place in society
Epic week in the Cape as cyclists conquer the gruelling eight-day Absa Cape Epic
Quinton de Kock refuses to kneel – withdraws from match against Windies
Double gold medallist Ntando Mahlangu on juggling athletics and academics
Be afraid. Be very afraid… it’s time for the 17th annual Horror Fest!
Shante, you stay! Drag finally getting cred as an art form in SA, performers say
COP26: 'SA should make commitments and access huge green funding opportunities'
[WATCH] A sticky situation or a bonding moment? Protester glues his head to road
These are the latest quack remedies being touted as cures for Covid
Nigeria launches Africa’s first digital currency
King Mswati's calls for national dialogue rejected by eSwatini opposition
More African elephants born without tusks in response to heavy poaching - study
'Hiking taxes most effective way to reduce smoking'
Building meaningful relationships is the road to success – and happiness
'Best-case scenario for GDP in 2020 is a 22% contraction'
Two months of lockdown has devasted the economy and destroyed, perhaps, millions of jobs.
The government has tried to mitigate some of the effects of the lockdown with various relief packages for employees and companies.
However, some of the damage will be structural, meaning the Covid-19 shockwave will ripple through the economy for a while to come.
On Sunday, President Cyril Ramaphosa announced that most of South Africa’s workforce will be allowed to work again from Monday, 1 June.
Related articles:
-
What is an 'economic depression'? Are we heading for one? Lessons from history…
-
South Africa’s economy to shrink by 23.5% in 2Q/2020 – Absa forecast
Refilwe Moloto interviewed Sifiso Skenjana, Chief Economist at IQ Business.
What does lockdown level-three mean for our pulverised economy and the torrent of job losses – will this opening of the economy prevent some of the worst-case scenarios from realising?
Does the opening of the economy go far enough, and did it come too late?
Construction of commercial buildings will now be allowed. It was initially planned for level two.
Sifiso Skenjana, Chief Economist - IQ Business
Commercial and residential building make up about 67% of the earnings in construction… it’s a labour-intensive sector. It also absorbs broadly unskilled labour… the same applies to the trade and wholesale sector… Along with government activity, it takes the labour force participation up to about 50%...
Sifiso Skenjana, Chief Economist - IQ Business
The 7% [contraction in GDP expected by the Reserve Bank] is probably a bit conservative… We’re probably going to see GDP leakage of something in the low-20s…
Sifiso Skenjana, Chief Economist - IQ Business
December tax statistics show… that 380 companies contributed to about 57% of all corporate income tax… If you have one company collapsing, the impact is huge… 800 000 companies were assessed for tax…
Sifiso Skenjana, Chief Economist - IQ Business
For 2020, our best-case is about a 22% decline in GDP…
Sifiso Skenjana, Chief Economist - IQ Business
Listen to the interview in the audio below.
Copyright : https://www.123rf.com/license.php#standardSource : https://www.123rf.com/photo_43050034_homeless-teenage-boy-begging-for-money-on-the-street.html
More from Covid-19 coronavirus explained
Healthcare workers in South Africa to get Covid-19 booster shots
Mandy Wiener interviews Dr Angelique Coetzee, President of the South African Medical Association.
Read More
Mandatory vaccination: 'It’s happening. Employers are entitled to consider it'
Big Pharma is rolling in money: 'They profit through price gouging'
John Maytham interviews Mark Haywood, Editor of Maverick Citizen at the Daily Maverick.
Read More
My friends and I are all excited to get vaccinated – 17-year-old listener
Mandy Wiener interviews Eyewitness News reporter Mia Lindeque.
Read More
ACDP marches to Constitutional Court to protest against mandatory vaccination
Mandy Wiener interviews Eyewitness News reporter Dominic Majola.
Read More
'You may refuse vaccination – but your workplace may refuse you entry if you do'
John Maytham interviews Jon Foster-Pedley, Dean and Director at Henley Business School South Africa.
Read More
Africa barely gets scraps, yet Pfizer blames Africans for slow vaccine rollout
John Maytham interviews Tom Moultrie, Professor at the Centre for Actuarial Research.
Read More
Anxious about re-entry into 'normal' life post Covid? Psychologist gives advice…
Refilwe Moloto’s interviews clinical psychologist Dr Cathy Angus.
Read More
Highlights