The Free Market Foundation says its research suggests that SA's Covid-19 lockdown is costing the country at least R10bn daily, or R350bn in five weeks.
“That is enough for 3.5 million RDP houses; enough to house all homeless people and people crammed into overcrowded shanties. It is enough to feed 30 million undernourished people daily or build twenty hospitals ... every day. It could fund universal health care, modernise and upgrade all clinics, and fund thousands more doctors, nurses, teachers or police,” the organisation says.
“Against that uncertainty, we know with absolute certainty the extent to which freedom has been obliterated temporarily, and will probably be compromised permanently. And we know with certainty that it is an is economic scorched earth policy. “The economic and human rights impact is more extreme than all but a few realise. Poverty is a killer ... The health and wealth loss is likely to exceed real or imagined lockdown benefits.”Aspects of the lockdown are questionable, he said.
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