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SA economy could take four years to recover from Covid-19 - Vimarsana News

SA economy could take four years to recover from Covid-19

Gable was speaking at a Ford SA industry update breakfast on Tuesday at which the motor manufacturer reaffirmed its commitment to supporting the national government’s Covid-19 initiatives, by donating R2.5 million to help fund the enhancement of the national Occupational Health Surveillance System (OHSS). The OHSS, a programme implemented by the National Institute for Occupational Health (NIOH), monitors workers in the public and private sectors using data supplied by employers on Covid-19 infections in the workplace under the direction of the Department of Employment and Labour. This da...

SA economy could take four years to recover from Covid-19 – The Citizen - Vimarsana News

SA economy could take four years to recover from Covid-19 – The Citizen

SA economy could take four years to recover from Covid-19 MoneyWeb Picture: iStock Load shedding and job losses at the heart of the South African Economy need four years to recover from the Covid-19 pandemic. The South African economy will take three to four years to get back to where it was before the Covid-19 pandemic, according to Absa chief economist and head of research Jeff Gable. This is a very different outlook to the global financial crisis in 2008/09, when it took the economy only five quarters to get back to where it was before that crisis – although it took half a decade to ...