The Monetary Policy Committee (MPC) cut the repo rate by another 50 basis points on 21 May. Prof Raymond Parsons, well-known economist and academic from the NWU Business School, says this underscores the South African Reserve Bank’s (SARB) resolve to provide the necessary monetary support in light of the economic impact of the prolonged Covid-19 lockdown.
In the times in which we currently find ourselves, adequate healthcare and the accompanying screening are of the utmost importance to limit the spreading of the coronavirus.
All over the world the coronavirus pandemic has created a new, unknown and challenging reality that is accompanied by various significant losses. Such losses are far more than just the financial impact on individuals – they also include other losses that have an impact on our mental health.
If you log on to any social media platform in the early hours of the morning you are likely to find a lot of people online. Since the country went into lockdown due to Covid-19 a few weeks ago, South Africans have been struggling to fall asleep.
The Covid-19 virus is causing unprecedented uncertainty on a global scale. An economist from the North-West University (NWU) says the impact of the pandemic is expected to be greater than that of the Spanish flu of a century ago.
The global Covid-19 pandemic has seen unprecedented economic disruptions during the last few months.
According to North-West University (NWU) professor of Economics at the NWU Business School, Prof Ravinder Rena, it will take a very long time for the country’s economy to recover meaningfully after the measures introduced by government to curb the spread of the global virus.