Africa has to weather Covid-19 trauma without massive stimulus

It took SA five years to recover from the 2008 recession and the country can’t afford another million job losses.

The coronavirus pandemic is about to give way to the biggest debt and unemployment crisis ever.

In line with guidance from other South African lenders.

As the country moves to Level 3.

GDP could contract as much as 8.8% in 2020.

US sentiment stabilises as future expectations tick up.

To help member states recover from coronavirus slump.

Was Patel’s laughing stock of a clothing list the proverbial last straw?

But don’t expect South Africans to splurge on ‘big ticket’ items, like houses and cars, anytime soon.

Relaxing rates further in face of Covid-19 economic fallout.

Read Reserve Bank Governor Lesetja Kganyago's speech in full.

Muted price growth leaves room for interest-rate cuts in South Africa.

With AfCFTA as the springboard to mitigate against economic nationalism in the post-pandemic global economy.

There are no easy answers, but focusing this much on a single problem has destroyed much of our children’s future – at least 3m people are going to be joining the unemployment queue.