The Business School of the North-West University (NWU) has embarked on a brand-new online initiative in which current affairs in the South African sphere will be discussed via Zoom by a panel of experts during Covid-19, returning to round-table discussions when allowed. Journalists from various media will be invited to join the online panel discussion in which real-time opinions from experts in various fields can be accessed.
“Heavenly vengeance pursues a crime slowly, but nevertheless catches up with it in the end. In matters of debt the penalty is not halting; it pursues the culprit at a gallop.” (Anon)
The Covid-19 pandemic has disrupted all components of the economy – all sectors in terms of demand and supply, employment, investment, growth, confidence and exports.
The world of work after the Covid-19 pandemic will differ from the one we are used to. This is the opinion of Prof Bennie Linde, a professor in labour relations at the North-West University’s (NWU’s) School for Industrial Psychology and Human Resource Management in the Faculty of Economic and Management Sciences.
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.
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.
‘President Cyril Ramaphosa’s additional economic support package to address the fallout on the economy from Covid-19 represents a highly substantial raft of measures designed to assist distressed businesses, households and individuals, adding up to about 10% of South Africa’s GDP.”
“The South African Reserve Bank’s (SARB’s) surprise decision to cut interest rates by another 100 basis points is a welcome move. This will help to support the South African economy as it grapples with a rapidly deteriorating situation as a result of the extended Covid-19 lockdown.”