Sydney Majoko
3 minute read
28 Apr 2020
7:20 am

There is no formula to determine SA’s future

Sydney Majoko

Right now, under the conditions of a terrible pandemic exacting a heavy human and economic toll on most societies, these are the decisions that are best for the country.

Members of the TMPD can be seen in Pretoria during a patrol and roadblock, 7 April 2020. Picture: Jacques Nelles

The Covid-19 pandemic is changing the world negatively and positively. There is no doubt it is wreaking havoc on economies, no country is immune. US finance house JP Morgan has projected that the US economy is going to shrink 40%, leaving that country in its worst economic position since the Great Depression of 1929. This clearly shows that the pandemic has not spared any of the world’s economies. South Africa is no exception. It is against this background that the raft of economic measures announced by President Cyril Ramaphosa amounting to over R500 billion must be judged. These are not...