David Ansara of the CRA discusses the South African government's national lockdown strategy and the problems associated with it, including the artificial distinction between "essential" and "non-essential" services.
Media
Following the announcement by President Ramaphosa last night, Sunday 15 March, a national state of disaster has been declared in South Africa to mitigate the risks of the global Coronavirus pandemic.
For the first time in five years, government gave some relief to over-stretched South African taxpayers.
David Ansara writes if necessary policies aren’t implemented, taxpayers will continue to pay for government’s profligacy.
United States Secretary of State Mike Pompeo’s criticism of the South African government's proposed policy of Expropriation without Compensation suggests that the US-SA commercial and diplomatic relationship could be under significant strain.
The United States Secretary of State's remarks that land expropriation without compensation would be disastrous for the South African economy are just the latest comments from the US Government casting aspersions on the process.
South Africa's unemployment rate remains unchanged at 29.1%.
Economists are sceptical that Finance Minister Tito Mboweni and Team SA delegation will succeed in inspiring investor appetite in the South African economy at the 50th World Economic Forum (WEF) in Davos this week.