ISAAH MHLANGA: Treasury and private sector must pull out all stops to prop up economy
Amid the virus outbreak, Treasury could grant tax exemptions to some companies, which would help save jobs
26 March 2020 - 16:00
Given what we know now — that there is to be a near complete lockdown of company operations and movement of people — SA’s GDP will probably contract as much as 4% in 2020 due to Covid-19.
This will result in about 1.7-million jobs lost, concentrated largely in manufacturing (940,000); transport (300,000); mining (230,000); electricity, gas and water; and business services. GDP growth cannot be saved, but some jobs can, in some highly uncertain conditions...
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 exclusive Financial Times articles, 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