One of the biggest risks to South Africa's economic recovery is the potential for a severe third wave of Covid-19 infections, the associated death rates and the disruption to economic activity that will come with it, says Isaah Mhlanga.
There are two recent Covid-19-related developments that matter for South Africa's economic recovery and global financial markets. Covid-19 infections have shown an increase in South Africa, and if India's experience is anything to go by, the third wave will not be a pretty sight.
A positive development is that the US has agreed to a proposition first put forward by South Africa and India to waive Covid-19 patents to allow countries to manufacture the Covid-19 vaccines. These developments might alter the global and South Africa economic growth prospects over the short and medium term.