Structural reform need to be implemented, he says, across all sectors.Viljoen, says Covid-19 may even be a"dress rehearsal" for an even worse virus, with a higher transmission and death rate."If we can with this mindset of sacrifice stricture this economy properly' with market-based principles - it will be"tremendously positive" for SA," says Viljoen.
Kingston says the virus may teach SA compassion, notes that business has launched the Solidarity Fund to help."We need to become a much more caring and giving society".Kingston notes that SA was recently downgraded to junk by Moody's, the last rating agency to still have SA assessed at investment grade."The cost of borrowing is going to go up considerably," he said.
"South Africa is going to be left to its own devices," to some extent, he says, adding SA is going to have to take difficult decisions that it had put off in the past. He says SA needs to introduced words such as competitiveness into the country's vocabulary, cannot afford to keep funding struggling state-owned enterprises.Continuing on the informal sector, Zungu gives the example of Shisa nyama and car washes in the informal sector.
These may not be registered, he notes, for various reasons, and would face difficulties in accessing loans, especially from the R200 bn govt-guaranteed bank loans that give announced o Wednesday.
Especially at SOE and all government departments. Even the cabinet can be trimmed down, we don’t need that many incompetent ministers and ditector generals. We need competent CEO’s and ministers that knows the field they work in!
The frontline in SA is not the health service. It's the Iron Fist of Cyril Ramaphosa's ANC, as interpreted by clowns like Bheki and Fikile. These people pose a far greater risk to the people of South Africa.