Michael Avery speaks to Warwick Lucas, Raymond Parsons and Isaah Mhlanga, about the week’s happenings
Busines Day TVPicture: 123RF/Ufuk ZivanaIt’s more Bleak Friday than Black Friday, with bad news for the rand and our tourism sector as the UK places the country temporarily back under red-list travel restrictions after scientists raised the alarm over the new Covid-19 variant yesterday afternoon.
The rand has weakened to worse than R16 to the dollar.About 35% of South Africans are fully vaccinated, higher than in most other African nations, but half the government’s year-end target. It has averaged 106,000 doses a day in the past 15 days in a nation of 60-million people. We need to start seeing an urgent increase in vaccination rates to avoid the worst effects of a new variant on our healthcare system and economy.
To put the week into perspective, Michael Avery is joined by Warwick Lucas, head of Galileo Securities; Raymond Parsons, professor in the School of Business and Governance at Northwest University, Isaah Mhlanga, chief economist at Alexander Forbes.Read more: Business Day »
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