Featuring: Lesetja Kganyago, Governor of the South African Reserve Bank
Webinar: The COVID-19 shock: How does the SARB respond?
|Description: ||South Africa faced great challenges before COVID-19 emerged, all of which have now become significantly greater.
Watch the recorded Webinar below:
The lock-down has drastically curtailed economic activity and for many of the most vulnerable, caused significantly increased hardship. Those better able to survive in the short-term still face longer term challenges, and will emerge from lock-down not only into a changed South African economic climate, but also to a radically different and struggling global economy.
Predictions suggest a decline in GDP for 2020 of between -5% in the best case scenarios, to as much as -20% at worst, depending on the speed of the recovery. The damage is across the board, reduced production, lower demand, fewer exports and a loss of revenue flowing into the country from tourism, all with a consquent impact on levels of unemployment.
The South African Chamber of Commerce (UK) is delighted to present Lesetja Kganyago, Governor of the South African Reserve Bank who will talk about the impact of the shocks on the South African economy and the strategies and policies the Reserve Bank will follow to help aid the recovery.
9:30am to 11:00am, Tue 2nd Jun 2020||Venue:
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