JOHANNESBURG: South Africa sought to revive its stuttering economy on Monday with the partial lifting of a coronavirus lockdown, letting people out for work, worship or shopping, and allowing mines and factories to run at full capacity.
But moving to"level 3" lockdown so soon has been questioned by some who say it will inevitably increase the number of coronavirus cases, which jumped above 30,000 over the weekend. The rand was trading 0.74 per cent up against the dollar at 0750 GMT after the easing of restrictions in South Africa, which has so far had fewer than 700 coronavirus deaths.Many more people, half of whom live below the official poverty line, are at risk from hunger because of the shutdown and industry officials said the outlook remained bleak.
And Standard Bank, Africa's largest by assets, said it expected half year earnings to fall 20per cent on the same period a year ago..
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