Ina Opperman
Business Journalist
1 minute read
5 Mar 2021
5:36 am

365 days of Covid-19: The future of the SA economy

Ina Opperman

After a disastrous 2020 when the South African economy was seriously damaged, economists expect some slow growth.

Picture: AFP/File/Jekesai NJIKIZANA

Professor Jannie Rossouw from Wits Business School has a stark message for what he expects in the future: “Hardship for people who cannot find jobs and stay unemployed.” Hugo Pienaar, chief economist of the Bureau for Economic Research (BER) at the University of Stellenbosch, expects a two-speed recovery in 2021, with exports benefitting from a robust global economic recovery. “Domestic demand may be more sluggish, especially if we experience a severe third wave. This could see some of the recovery that should have taken place in 2021 postponed into 2022. “The strength of the recovery will also crucially be influenced...