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PODCAST | Economic news of the week: SA’s economy needs the lockdown to end now

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South Africa Headlines News

We talk to Annabel Bishop, chief economist at Investec, about how the lockdown has done more damage to the economy than initially thought

It is widely expected that President Cyril Ramaphosa will soon announce a further loosening of lockdown restrictions to level 2as the rate of infections has started to drop. Bishop explaining what the move to level 2 would mean for the local economy. She says it is a good thing that the country has reached a point where it is becoming more viable to open up other parts of the economy that have been unable to operate since late March.

Bishop says as more facts and figures are released by the country’s various agencies about the performance of various sectors during the lockdown, the reality is that the damage to SA’s economy over the past four months has been worse than initial projections.

 

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