CURRENTLY ON AIR ⇒
  • KZN in Focus
    Thu, 7:30 pm - 8:00 pm

feedback@radioislam.org.za

Radio Islam Logo


((( Listen Live )))))
Radio Islam Logo


Ramaphosa: More Difficult Decisions & Difficult Days Lies Ahead for SA During COVID-19

 

Faizel Patel – 22/06/2020

(Twitter: @FaizelPatel143)

After more than 100 days of the COVID-19 in outbreak in South Africa and after two months of the nation-wide lockdown, President Cyril Ramaphosa says the country’s economy is in the throes of the anticipated fallout from the global crisis.

Ramaphosa was addressing the nation on Monday in his weekly newsletter, “From The Desk of the President.”

The president says the predictions of businesses shutting down and jobs being lost are materializing.

“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, the UK, the US, Germany, India, China and nearly every country that had imposed some form of lockdown, jobs have been lost or hours of workers reduced. It is being spoken of as a ‘job loss tsunami’.”

Ramaphosa says that while South Africa was already facing an unemployment crisis and weak economic growth, there are more difficult decisions and difficult days that lie ahead for the country.

“The measures we put in place to protect local businesses during the lockdown in the form of loans, tax relief, debt restructuring, extended credit lines and retail rental exemptions are continuing to provide vital support. Temporary social assistance to poor households is gathering pace and providing vital relief. However, these measures can only go so far.”

Ramaphosa says while there are tough times ahead and there are also no quick-fixes, South Africa has to be realistic about its prospects, especially about the time it will take for the economy to recover.

ADVERTISE HERE

Prime Spot!!!

Contact:
advertisingadmin@radioislam.co.za 

Related Articles

Holy Sites Almost Ready to Receive Hajj Pilgrims

Holy Sites Almost Ready to Receive Hajj Pilgrims

In the Kingdom of Saudi Arabia, preparations are underway to receive the Guests of the Almighty for the annual Hajj pilgrimage. The Hajj will commence in just under three weeks. The Saudi Gazette reports that all the relevant agencies have almost completed their...

read more

Subscribe to our Newsletter

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

%d bloggers like this: