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 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 or call 0860 52 52 00. Got a subscription voucher? Redeem it now