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Month: Aug 2020

South Africa Looks Toward Inclusive Recovery To Stabilize Debt, Boost Growth

31 August 2020 – South Africa’s economic activity is projected to contract by 7.2 percent in 2020, according to the IMF’s staff report that accompanied the government’s Rapid Financing Instrument request. What has been the impact of COVID-19 on South Africa and what sectors have been hit the hardest? COVID-19 brought many challenges: a decline of about …

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South Africa Retail Industry Feels Pain From Coronavirus Pandemic

24 August 2020 – JOHANNESBURG: South Africa’s retail industry is feeling the pain from the coronavirus pandemic on two fronts — store closures during lockdown and the sharply reduced purchasing power of households. South Africa, the continent’s most industrialized economy, went into strict lockdown at the end of March, with people only allowed to shop for …

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SA Recovering Slowly From Distorted Lockdown Trade Conditions

20 August 2020 – T he continuing lockdown has deepened the recessionary economic conditions and further distorted trade conditions, says the South African Chamber of Commerce and Industry (Sacci). It adds that the selected restrictive approach towards certain types of trade, especially during the hard lockdown period in late March and throughout April, had a …

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