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We welcome todays changes to #LockdownSAExtended regulations affecting transportation, funerals, movement of children & allowing for other economic activities, but call on Govt to allow more economic activities, while ensuring health risks are mitigated.
https://bit.ly/2z7WYoK
We have broadly supported the government's #LockdownSA measures to limit the spread of #Covid_19SA.
We appreciate that this step has had a devastating impact on businesses and household incomes, as well as on the economy as the whole.
- Steve Swart .MP
https://bit.ly/2z7WYoK
Forecasts of significant economic disruption costing the economy an estimated R13bn per day.
- #SARB indicates +- 370k job losses in 2020.
- Analysts forecast 7% GDP contraction, 12% fiscal deficit of GDP, >80% debt-to-GDP ratio in 2021.
- estimated R200 bn tax revenue shortfall
Thus, incremental lifting of lockdown provisions is crucial while not sacrificing public health interests. If not done, the country may find its economy permanently damaged, with knock-on effects on unemployment and poverty. - Steve Swart .MP https://bit.ly/2z7WYoK
We urge Govt to consider opening the manufacturing & construction industries & other sectors with a low risk of infection, keeping stringent health cond. Highly automated factories, incl the automotive industry, should be allowed to reopen without delay. https://bit.ly/2z7WYoK
In our view, it is critical to allow as many economic activities to take place as possible, while ensuring that measures are in place to mitigate the health risks associated with these activities. https://bit.ly/2z7WYoK
We agree with economists who support a #Covid19SA fiscal stimulus package which should be part of a supplementary or emergency Budget to be tabled in Parliament. Bulk of spending can stimulate productive capacity & assisting businesses that employ people.
https://bit.ly/2z7WYoK
Lastly, such a fiscal relief package should temporarily increase the child-support and old-age pensions, to assist the most vulnerable in society.
https://bit.ly/2z7WYoK
#ACDPCovid19ReliefFund
#Covid_19SA
#LockdownSAExtended
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