The Presidential Economic Advisory Council has said that South Africa's debt and spending were not sustainable enough for government to respond effectively to the Covid-19 pandemic.
According to the Presidency, the council, which was appointed by Ramaphosa, exists "to ensure greater coherence and consistency in the implementation of economic policy" while ensuring that the state and society are "better equipped to respond to changing economic circumstances".
The briefing notes, which stretch to over 100 pages, provide additional insight into SA's plans for an economic response to the Covid-19 pandemic. They add to the recently-leaked South African Economic Reconstruction and Recovery Plan, which President Cyril Ramaphosa is set to brief Parliament about on Thursday. The South African Economic Reconstruction and Recovery Plan was presented to the economic cluster at the Cabinet lekgotla last Wednesday.