Vaccine passports will ensure that much of the economy is shielded from yo-yoing between various lockdown levels, says Busi Mavuso.
Recent economic data on our unemployment rate, GDP figures and business confidence makes it clear that what BLSA has been advocating for some time is long overdue - that we are going to have to implement bold actions to get the South African economy onto a solid footing of higher levels of growth.
The economy’s struggles in the wake of the pandemic are feeding into what were already desperate socioeconomic conditions in the country, which were exploited by those leaders behind the July unrest. Almost 13 million South Africans have applied for the R350 grant, which barely covers rising living costs, especially food, let alone administered costs such as electricity. That speaks volumes about the difficulties people are facing.