The economic impacts and prospects of Covid-19

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With South Africa headed into a 21-day lockdown this week, combatting the threat of the Covid-19, has been made a key national priority. Never before in our democracy have we seen a national lockdown taking place, but the gravity of the current situation absolutely demands it.

“To put things into perspective, if South Africa’s 59-million people were to do nothing at this point, the country would require over 500 thousand critical-care hospital beds – we currently only have about 5,500 of these, of which 88% are already occupied.

Fortunately, with the restricted movement being imposed through the lockdown, this number drastically decreases by 70%. This is the only way the country is able to reduce the chances of unmanageable widespread societal infection,” says Marius Oosthuizen, a professional futurist through a webinar hosted by the Southern African Venture Capital and Private Equity Association (Savca).
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