OPINION: Radical interest rate cut now required
JOHANNESBURG –
Drastic measures are now required from the Reserve Bank.
Drastic measures are now required from the Reserve Bank.
South Africa was already in a recession before the Coronavirus had any significant impact. Coming from a low economic activity base we need to minimise the impact of further declines to prevent the country of sliding into a depression.
President Ramaposa reverted to words such as war in his speech on Sunday night. Let us revisit the period 1941–1951. That is the correct way to describe the command structure now required to tackle the issues.
Source: iol.co.za