[ad_1]
Financial experts are extremely concerned because it has been half a year since President Cyril Ramaphosa first introduced the lockdown, and yet there is still no economic recovery plan adopted.
President Cyril Ramaphosa appeared before the National Assembly in a hybrid plenary session on August 27, 2020 to answer these questions submitted for oral response. Image: @ PresidencyZA / Twitter
JOHANNESBURG – Financial experts are extremely concerned because it has been half a year since President Cyril Ramaphosa first introduced the lockdown, and yet there is still no economic recovery plan adopted.
The business sector warns that with more delays this can lead the country to a darker hole.
Economists are concerned about a much deeper recession than anticipated at the beginning of the year.
“Not fixing a plane in the air when there are problems and just flying in the hope that it will fix itself.”
This is how economist Dr. Iraj Abedian views the government’s focus on the sorry state of South Africa’s economy.
And the longer the government takes to agree on a recovery plan, the bigger the crisis.
“There will be a much deeper recession. Instead of being 8%, it could end up being 12%, 14%, 15% and with that more poverty.”
Companies are equally frustrated, as Busisiwe Mavuso, CEO of Business Leadership South Africa, points out.
“We came to the lockdown already in a weak position, when we as a business sector have been jumping up and down for the past two years.”
In recent weeks, President Ramaphosa announced that business and social partners had presented their ideas for recovery plans to be integrated into an overall plan.
But that plan has yet to be approved by the Cabinet and it is unclear how much longer South Africans will have to wait.
Meanwhile, South African Medical Research Council Executive Director Professor Glenda Gray told several that lessons had been learned on the medical front during these six months, one of which is that the country could have expanded testing a lot. before.
“There was a global shortage of reagents and the National Health Laboratory Service had to expand testing and it took time. Perhaps that is a lesson for the future.”
Education expert Professor Mary Metcalfe said the lockdown had also been a wake-up call for many to realize how many children did not have access to clean water in schools.
“Now we need, as South Africans in all of our provinces, to work closely with the respective MEC or Education to monitor what is happening with infrastructure delays in water and sanitation in particular.”
Download the EWN app on your iOS or Android device.
[ad_2]
