Cape Times (Digital)

Cape Times (Digital)

1 Issue, 2021-07-28

S&P warns recent civil unrest could dent GDP rebound

Siphelele Dludla siphelele.dludla@inl.co.za S&P GLOBAL Ratings has warned that the recent civil unrest could slightly dent the expected rebound in gross domestic product (GDP) for 2021. In a report yesterday, S&P said the civil unrest was a clear example of wide income inequality, increasing poverty levels and poor access to health services. South Africa experienced widespread looting of retail outlets and manufacturing facilities in KwaZulu-Natal and Gauteng following the arrest of former president Jacob Zuma. The unrest is estimated to have cost the country R50 billion in lost output and placed at least 150 000 jobs at risk. S&P’s corporate ratings director, Omega Collocott, said the unrest had also severely hampered supply chains because of blocked road and rail transportation corridors. Collocott said the damage to elements of the country’s…
You're reading a preview of
Cape Times (Digital) - 1 Issue, 2021-07-28

DiscountMags is a licensed distributor (not a publisher) of the above content and Publication through Zinio LLC. Accordingly, we have no editorial control over the Publications. Any opinions, advice, statements, services, offers or other information or content expressed or made available by third parties, including those made in Publications offered on our website, are those of the respective author(s) or publisher(s) and not of DiscountMags. DiscountMags does not guarantee the accuracy, completeness, truthfulness, or usefulness of all or any portion of any publication or any services or offers made by third parties, nor will we be liable for any loss or damage caused by your reliance on information contained in any Publication, or your use of services offered, or your acceptance of any offers made through the Service or the Publications. For content removal requests, please contact Zinio.

© 1999 – 2025 DiscountMags.com All rights reserved.