Rob Rose Editor: Financial Mail

The Covid-19 outbreak, if history is any solace and if President Cyril Ramaphosa’s lockdown gets traction, will hopefully begin ebbing within a few weeks. In that (best case) scenario, we will emerge from our houses to see a devastated economy. With SA’s economy estimated to be set for a 23.5% contraction in the second quarter and a number of our 2.3-million small businesses on their knees, you can expect unemployment — already at 38% — to have soared to an even more frightening level.

Nor, in fact, are we entirely clear what a "post-corona" economy will look like. In terms of post-pandemic economies, we have the example of the 1918 Spanish flu, which swept through SA like a biblical plague, killing 300,000 people within two months, roughly 4.3% of the 6.8-million population at the time...

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