“I would look forward to Mboweni saying that state-owned enterprises will not get any further financial help and SAA will be allowed to go bankrupt. I would also like him to say that civil servants will get no salary increase because there will be no money.”
Sanisha Packirisamy, an economist at Momentum Investments, said Mboweni should give a broad analysis of the expected impact of Covid-19 and the associated containment measures on the labour force, the business environment, the broader economy and poor and vulnerable parts of society. “We are likely to see an urgency to retrace previous sovereign rating downgrades, a revised revenue shortfall, emphasis on the need for a social compact, an update of the social transfers and unemployment insurance fund [UIF] payouts granted in this period, and potentially an update on the emergency financing available to SA from the International Monetary Fund [IMF]," said Packirisamy.
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