Clean-up operations continue in Vosloorus, east of Johannesburg, after looting and rioting in the area. Picture: ALAISTER RUSSEL/SUNDAY TIMES
The unrest is a disaster for the country in so many ways. But from an economywide perspective, all is not lost. Though real output has yet to fully recover to its pre-pandemic level in the fourth quarter of 2019, many have been surprised by the speed and strength of the economy’s bounce-back from the height of the Covid-19 crisis in 2020.
A kicker will also come from rebuilding. Destroyed shops, warehouses, production facilities and infrastructure will detract from SA’s capital stock. In theory, this would lower the country’s potential growth rate. In practice, however, when these get replaced, GDP, which measures flows, will benefit from the investment necessary to fix and rebuild, which will in turn support construction and its downstream suppliers.
The temporary tax relief measures Ramaphosa announced should also help affected businesses’ cash flows, as will the funding mechanism being designed to help the many uninsured smaller and informal businesses to reopen, restock and rebuild. The Treasury, SA Revenue Service, banks and development finance institutions have all seemingly come together to do the right thing.
But on its own this will not be enough to fully restore the country’s “soft infrastructure” — trust, goodwill and expectations of the future — unless policymakers, now more than ever, also fast-track the growth-boosting reforms they have long promised. The president’s address indicated that he has been motivated by the events of the past two weeks not only to build on the reform momentum already in progress, but also to take further steps.
I saw several people testifying of making so much money with the help of shantelll_142 on Bitcoin option trade and I decided to give a try and now I'm glad now she helped me and my colleagues to make R40,000 in one week, thank you for transparency and trust.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dark horse Chad le Clos could do something ‘unbelievable’ at the OlympicsChad le Clos is as fiery a competitor as you can get and he is still hungry to compete for more accolades at the Tokyo Olympics in the 100 and 200m butterfly. chadleclos sport Muhammad Qasim does not claim that he is Mahdi, or that his dreams mean wahi (revelation). But a growing number of people from across the world are calling him the Imam Al-Mahdi. Why are these dreams so important?
Source: IOL - 🏆 46. / 51 Read more »
Mzansi's hopes of first medal rest firmly on Le ClosFresh from flying the national flag at the opening ceremony on Friday, Le Clos will begin his mission to add to his four Olympic medals when he competes in the men's 200m butterfly heat five tomorrow (12.30pm SA time). Couple of months ago I came across a recommendation about liam_garret21 wealth how he helped investors to earn lots of money with their investments. and I decided to give a trial with the little I have. Now my little has turned into something great which was not my expectation Qasim never claimed that he is the Imam Mahdi. He just said that he got dreams from Allah then ordered to spread those dreams. Many of Muhammad Qasim's dreams have already come true and there are more till end of times (Qiyamah).
Source: SowetanLIVE - 🏆 13. / 63 Read more »
Dark horse Chad le Clos could do something ‘unbelievable’ at the OlympicsChad le Clos is as fiery a competitor as you can get and he is still hungry to compete for more accolades at the Tokyo Olympics in the 100 and 200m butterfly. The youngsters from the USA and Australia may proof too much for Chad le Clos. Words alone won’t express how thankful I’m recommending you all to you shantelll_142 .....,investing with you has been a good opportunity for me and my family I just received my profit of R30,500 within five days of investment shantelll_142
Source: IOL - 🏆 46. / 51 Read more »
Chad le Clos just stays alive in 200m butterfly as Kristof Milak flexes his musclesHe was up against the new king of the butterfly event, Kristof Milak of Hungary, but Chad le Clos loves the grand stage himself Tokyo2020 Olympics By ashfakmohamed IOLSport ashfakmohamed sport I still can't believe that real account manager exist I am so happy trading with shantelll_142 i never took her serious because I taught she was a scam like others ,until my first withdrawal of R60,000 within just one week of trading! I am so grateful 🤗🤗
Source: IOL - 🏆 46. / 51 Read more »
Source: TheCitizen_News - 🏆 6. / 75 Read more »
Chad le Clos thrilled to face Kristof Milak in 200m butterfly final: ‘Kill or be killed!’So keen and competitive is Chad le Clos that he comes across as a boxer hyping up his title fight for the ‘heavyweight championship of the world’ Olympics Tokyo2020 TeamSA By AshfakMohamed IOLSport ashfakmohamed sport I saw several people testifying of making so much money with the help of liam_garret21 on Bitcoin options trade and I dicided to gave a try and am gald he helped me and my colleagues to make allot of profit in one week , thank you for your transparency and trust
Source: IOL - 🏆 46. / 51 Read more »