Economy silence contrasts with drastic virus steps
JOHANNESBURG – South Africa’s government won praise for taking swift action to contain the coronavirus outbreak.
It’s said little on how it plans to protect the economy.
With just 61 infections on March 15, President Cyril Ramaphosa imposed travel bans, instructed schools to close and outlawed large gatherings. He followed up with restrictions on restaurants and effectively closed bars, beating many worse-afflicted countries to the move. The central bank cut interest rates by the most in more than a decade at its scheduled policy meeting and boosted liquidity in local markets.
Source: iol.co.za
