EMS

South Africa post-2020: Covid-19 and the economy (part 2)

It was not the aftermath of the storm. Indeed, the rain was still pelting down, but South Africa’s economic ship needed to be steered towards lost prosperity. In this, the second part of a series of articles, Professor Raymond Parsons from the Business School at the North-West University (NWU), looks at how the easing of the lockdown restrictions affected the economy.

As a sense of “normality” – and the word is used in its most diluted sense here – returned as restrictions were eased from Level 5 of the lockdown, a gradual recovery of the economy ensued.

Submitted on Thu, 01/14/2021 - 10:24

South Africa post-2020: Covid-19 and the economy (part 1)

The year 2020 will be remembered as one of unprecedented uncertainty, and 2021 looks set to not buck its predecessor’s trend. Prof Raymond Parsons from the Business School at the North-West University (NWU) looks ahead at what the new year will hold for the South African economy and consumers alike. This is the first part of a series of articles.

As the world and South Africa continue to struggle with the seismic impact of the Covid-19 pandemic and with renewed surges in Covid-19 cases, social tensions are surging and severe socioeconomic consequences abound.

Submitted on Tue, 01/12/2021 - 16:23

South Africa 2024 – a scenario perspective

The North-West University (NWU) Business School recently presented a Think Tank on the topic South Africa 2024 – a scenario perspective.

Dr Frans Cronje, CEO of the Institute of Race Relations, and Dr Oscar van Heerden, Director Operations at the Mapungubwe Institute for Strategic Reflections, made presentations.

This particular Think Tank focused on political, economic, social and technological variables and the impact this will have on South Africa’s future towards 2024.

Submitted on Mon, 11/23/2020 - 11:08

Ratings downgrades highlight need to change economic narrative

The latest decisions by both Fitch and Moody’s to cut South Africa’s investment grade rating further into junk status are not good news for the South Africa economy.

Prof Raymond Parsons, economist at the North-West University (NWU) Business School, says it again highlights the urgent need for South Africa to change its economic narrative.

Submitted on Mon, 11/23/2020 - 10:53