Bleak outlook highlights pressure on government finances with Sars commissioner predicting a revenue shortfall of about R285bn
BL PREMIUMThe Covid-19 pandemic and the lockdown could cause SA’s economy to slump by almost 17%, a comprehensive modelling exercise by Business for SA shows in the gloomiest predictions so far.
B4SA is made up of Business Unity SA and the Black Business Council and was formed to respond to the Covid-19 crisis. It said GDP could drop between 10.3% and 16.7% in 2020.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
IN QUOTES | Gareth Cliff's open letter to Ramaphosa divides SAGareth Cliff's open letter to President Cyril Ramaphosa has divided opinion in SA, with many saying he does not speak for 'us'
Read more »
COVID-19: SA starts coronavirus trial of TB vaccineThe Bacillus Calmette–Guerin (BCG) vaccine is one of the world's oldest and most trusted immunisations.
Read more »
SA banks' relief for virus-hit borrowers nears R15 billionThe Banking Association of South Africa said 852,000 of more than 1.2 million people who had applied for banking help had been successful, while others were still being assessed.
Read more »
There are lessons for SA from China’s successful battle against Covid-19China’s success was the result of its systematic, comprehensive and co-ordinated strategy, and to the best of its ability, the SA government is doing the same.
Read more »
Vodacom launches 5G mobile network in SAVodacom Group said it has switched on Africa's first live 5G mobile network in three cities, with further rollouts planned in other parts of the country.
Read more »
SA lockdown: Sassa glitch causes delay in grant paymentsSassa says it will do more to educate people, especially the elderly, about other means of payment they can access to receive grant money.
Read more »