Economists yesterday said that businesses and consumers would be critical in pulling the country out of the nearly six months of lacklustre growth fuelled by restrictions imposed by the government to contain the spread of the Covid-19 pandemic, but warned that the recovery would be lower than 2019.
“That said, the further opening up of the economy will provide relief to sectors that have been impacted,” Mhlanga said. “The corporate sector will largely remain on building resilience than efficiency, with implications on how they deal with cash flows.” Lobby group Business for South Africa’s Martin Kingston said moving to level 2 of the lockdown will enable a quicker recovery process.
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