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Second wave of Covid-19 threatens economy
By Siphelele Dludla
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JOHANNEBSURG - SOUTH Africa is on tenterhooks over the second wave of Covid-19 infections with experts warning the newest outbreak could wreak havoc on an already battered economy.
Economists this week warned that this, coupled with the end of Covid-19 relief funds, could threaten the steady economic recovery and put consumer spending in jeopardy.
Investec’s Annabel Bishop said the country second wave would the economy to an even more severe collapse than in if the restrictions were reapplied.
“The pressure on public finances increased severely further this year to cope with the stimulus needed in the face of the crisis, and there is now no room at all in the fiscus for further support without risking downgrades taking us towards the C grade categories,” Bishop said.