PREMIUM!

Level 3 ‘comes too late, economic damage has been done’

Business News 1 month ago

An economist says the easing of certain restrictions in the move to level 3 on Monday will help the economy – with at least eight million people set to return to work – but it will take many years to ‘get out of the hole’ the country is in.


29 May 2020
PREMIUM!
Level 3 ‘comes too late, economic damage has been done’

Picture: Michel Bega

Reopening economic activities during the Level 3 lockdown was good for the economy but it was too late as the damage had already been done, an economist said. Minister of Cooperative Governance and Cooperative Affairs Nkosazana Dlamini-Zuma on Thursday unpacked the latest regulations ahead of the country moving down to level 3 of the lockdown on Monday. At least eight million people would be expected to return to work as the business and retail sector opens up and the sale of alcohol resumes. Drinkers would be allowed to stock up on alcohol strictly for home-consumption only from Monday to Thursday...

BACK TO CITIZEN BACK TO PREMIUM



 


 

 

today in print