BL PREMIUMThe Covid-19 pandemic and the lockdown could cause SA’s economy to slump by almost 17%, a comprehensive modelling exercise by Business for SA shows in the gloomiest predictions so far.
B4SA is made up of Business Unity SA and the Black Business Council and was formed to respond to the Covid-19 crisis. It said GDP could drop between 10.3% and 16.7% in 2020.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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Add tax too. I.e more than 17 actual percentages