SA definitely moving to Level 3 lockdown 'soon', the question is how - deputy minister | Fin24
The lockdown has caused a sharp dip in economic activity, with projections for a contraction in SA's annual GDP ranging from between 5.8% to over 10%. On Wednesday the SA Reserve Bank"Consultations have been going well and we should be able to move to level three without any hindrance. The president should be able to pronounce on that in due course and we will be able to further unpack the related regulations," Majola said.
Earlier this month, Ramaphosa said a"risk adjusted" approach was critical to saving the economy and people’s livelihoods while ensuring that the well-being of South Africans was not endangered.
October said the department has already assisted companies with loans, and introduced an International Trade Administration Commission mechanism to regulate the export of medical equipment to ensure the local population is prioritised. "New directions have been issued on the sale of cars and emergency auto repairs at alert level 4. New directions have also been issued on the sale of clothing, footwear and bedding at alert Level 4. New directions were issued regarding e-commerce sales at alert Level 4," said October.
October said the Industrial Development Corporation approved 12 applications to the value of R476 million in term of the IDC's essential supplies Intervention programme. He said alert Level 4 regulations allowed for incremental opening up of e-commerce to goods not sold in brick and mortar stores.
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