We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

A group of economists has written an open letter to the president and MPs asking them to reject the supplementary budget tabled by the finance minister on June 24. Yet failure to support the budget will make our fight against Covid-19 harder, prolong the recession and delay SA’s economic recovery.

We all agree that the government should respond to the economic impact of Covid-19 and ensuing lockdowns through a countercyclical fiscal and monetary response. We all agree that we should spare no effort in allocating resources to support our health sector, households and firms during this extraordinary recession. If firms and households do not get sufficient support, the fight against the virus will falter, more firms will fail and jobs will be lost. A higher level of closures and job losses will further delay the country’s economic recovery...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now