CYRIL RAMAPHOSA
MORE THAN 100 days after the outbreak of the coronavirus pandemic in South Africa and after two months of a nation-wide lockdown, our economy is in the throes of the anticipated fallout from this global crisis.
The predictions of businesses shutting down and jobs being lost are materialising.
Last week a number of companies announced plans to retrench staff. From aviation to construction, from entertainment and leisure to hospitality, companies have indicated their intention to retrench staff because of heavy losses incurred over the past three months. In other cases, businesses are closing permanently.
Small businesses whose turnover has been wiped out will be even harder hit.
As a country, we have all been keenly aware of the consequences of shutting down economic activity during the lockdown that was absolutely critical to save the lives of our people.
South Africa is not alone. In Italy,
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