Given what we know now, that there is a near complete lockdown of movement of people and company operations, South Africa’s GDP growth will likely contract by as much as 4% in 2020 due to the impact of COVID-19. This will result in about 1.7 million jobs lost, largely concentrated in manufacturing (940 000), transport (300 000), mining (230 000) and electricity, gas and water, and business services. GDP growth cannot be saved, but some jobs can, in some highly uncertain conditions. ...
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