Traffic officials police motorists on the M1 in Johannesburg. Picture: FREDDY MAVUNDA
“From a harsh dispassionate point of view, there is no perfect solution. There is a tendency to overreact a bit in the first instance, and I think that is being gradually recognised,” he said.SA, which has 1,655 confirmed cases of the virus and 11 deaths, is also under a 21-day lockdown that is expected to end on April 16. Almost 1.3-million cases have been recorded worldwide and more than 70,900 deaths from the virus.
“Prices got driven to levels that were a function of chronic illiquidity and there was uncertainty about whether the monetary authorities particularly the Fed were able to respond appropriately.
Not as disastrous as extending it. CoronavirusInSA Covid19SA
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