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Covid-19 impact: SA economy only to recover in 2023

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Mboweni said the recent protests and looting had negative consequences for the South African economy as well.
Photo: iStock
Finance Minister Tito Mboweni says the National Treasury now predicts the South African economy will return to pre-Covid-19 levels only in 2023.
He revealed this during a media briefing on Wednesday on government’s Economic Support Package in response to the impact of Covid-19 restrictions.
The recent violent unrest in Gauteng and KwaZulu-Natal saw businesses gutted and looted.
Covid-19 and looting
The two events, he said, had “very serious” negative consequences for the South African economy.
“The National Treasury now projects that we will only be able to go back to the pre-Covid-19 growth situation only in about 2023. ....

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R26 billion set aside for R350 grant

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NATIONAL NEWS - The temporary extension of the R350 Social Relief of Distress grant by another month will cost the South African fiscus R27 billion, the National Treasury has revealed.
The Department revealed this during a press briefing in which it detailed the country’s Economic Support Package as a result of COVID restrictions and the recent riots in Gauteng and KwaZulu-Natal.
The package was first announced by President Cyril Ramaphosa on Sunday.
The SRD, which was first introduced in April last year, will now end in March 2022.
“And really this responds to the dire situation in which most of our people have found themselves, said Finance Minister Tito Mboweni. “If you drive around the country or walk around the country, you are bound to notice the extreme poverty in which our people live.” ....

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WATCH: South Africa's economy MIGHT recover in 2023

WATCH: South Africa's economy MIGHT recover in 2023
thesouthafrican.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thesouthafrican.com Daily Mail and Mail on Sunday newspapers.

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SA economy to recover to pre-COVID levels in 2023

SA economy to recover to pre-COVID levels in 2023
vaalweekblad.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vaalweekblad.com Daily Mail and Mail on Sunday newspapers.

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Erzurum esnafına komik yardım!

Erzurum esnafına komik yardım!
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