'Flattening the curve' was intended for the virus, not the economy
– CHRIS HATTINGH
Business for SA (B4SA) has called for South Africa to proceed quickly to lockdown level 2, lest deeper, and longer-lasting harm be caused to an already crippled economy. According to Hilary Joffe, the group indicated that, "if level 4 continued for a month, with a gradual move to lower levels, the economy would contract 14.5% in 2020." There were more than 10 million unemployed people in South Africa before the lockdown was imposed at the end of March; to think how many people are unemployed now, and how many businesses will close down the longer the lockdown goes on, is terrifying to contemplate.
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Publish date: 18 May 2020
The views expressed in the article are the author’s and are not necessarily shared by the members of the Foundation. This article may be republished without prior consent but with acknowledgement to the author.