If you’re looking for signs that SA’s post-coronavirus economy will be somehow much improved, the disturbing signs from the government’s handling of this crisis won’t help.

Take last week’s downgrade of SA’s sovereign rating to BB-by S&P Global Ratings, condemning SA further into junk status. It came just as SA announced a package of R800bn to mitigate the impact of the virus, and position those industries that are labour-intensive and export-orientated for the 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 exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

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