While difficult to predict what the South African economy will look like post-Covid-19, Deputy Finance Minister Dr David Masondo has warned that citizens can expect a 6% contraction in economic growth this year, alongside an increased demand on health services and infrastructure. Speaking during a May 20 webinar hosted by the University of Johannesburg’s Institute for the Future of Knowledge, Masondo lamented that South Africa’s situation was a dire one, even before the health crisis, with companies filing for business rescue as a result of consequent lockdowns to help curb the spread of the virus.
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