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

6 July 2020 8:07 PM

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

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