Cyril Ramaphosa urges South Africans to help rebuild the economy
The president said having acted swiftly to bring the pandemic under control, the government’s focus is now on economic recovery
08 September 2020 - 16:41
The significant drop in the country’s GDP is an anomaly due to the Covid-19 lockdown, but it should spur South Africans on to do all they can to help rebuild the economy, President Cyril Ramaphosa said.
This was after Stats SA revealed on Tuesday that the economy shrank at an annualised rate of 51% during the second quarter, the worst quarterly collapse on record. If the second-quarter results are not annualised, GDP contracted by 16.4%. ..
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