Ramaphosa walks a tightrope as SA braces for further economic pain
The SA economy will likely endure pain for a little longer, with the economic hubs in the country likely to remain at Level 4 of the lockdown for the foreseeable future.
President Cyril Ramaphosa on Wednesday night announced that government would be working on getting most of the country onto alert Level 3, with the parts of the country with the highest rates of infection remaining at Level 4.
Data shows that infections are mostly concentrated in metropolitan municipalities and districts in the country. Government will, however, be announcing changes to the Level 4 regulations to expand business activities which may be permitted in the retail space and e-commerce.
Hugo Pienaar, chief economist at the Bureau of Economic Research, said that it appeared government…