'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.