Great lockdown: SA lives through worst economic contraction in 90 years, and the risks aren't over

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Government has started a process of reopening the SA economy gradually.
Government has started a process of reopening the SA economy gradually.

On Tuesday, 9 March 2021, Statistics South Africa confirmed what many economists had been telling South Africans throughout 2020 - the economy would contract by record levels due to the impact of the Covid-19 pandemic. While it may come as no surprise that GDP contracted by 7%, it is still a historical moment, defining the economic trajectory of the country for years to come.

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