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Debt crises, state collapse and a disillusioned youth may stall SA’s recovery

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Covid-19 has changed the way the world works and South Africa risks losing out if it does not act, exacerbating already critical social and economic pressure. Picture: iStock
Covid-19 has changed the way the world works and South Africa risks losing out if it does not act, exacerbating already critical social and economic pressure. Picture: iStock

BUSINESS

Asset bubble bursts, debt crises, state collapse and disillusioned youth were some of the medium-and long-term concerns highlighted in the 2021 Global Risk Report released this week by the World Economic Forum (WEF).

Job losses, business closures, a widening digital divide and abrupt shifts in markets are also some of the factors that will shape many countries, including South Africa.

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The EFF has sent a legal letter to President Cyril Ramaphosa’s office, demanding that the lockdown regulations be relaxed to allow political gatherings in compliance with all Covid-19 protocols. The party said that regulations prohibit political campaigning and activities in preparation for this year’s local government elections.
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Like church members, political party members should gather
19% - 7 votes
I fear the third wave
42% - 15 votes
Hold off on the elections
39% - 14 votes
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