Treasury and Reserve Bank to discuss response to Covid-19
Technical teams have met to discuss the issue, and Treasury is likely to adjust its forecasts on the basis of the IMF’s revised global growth forecasts
The Treasury and the SA Reserve Bank are grappling with the effects of the coronavirus on the economy and what kind of response should be implemented to deal with it, Treasury director-general Dondo Mogajane said on Friday.
He was questioned about what effect the disease, which has spread around the world, would have on global growth and that of the local economy during a meeting of parliament’s two finance committees. Mogajane and other Treasury officials appeared before the committees to respond to issues raised during public hearings on the 2020/2021 budget tabled in parliament last week by finance minister Tito Mboweni...