Even before COVID-19, South Africa was under severe fiscal pressure. It is now accepted that the economic fallout resulting from the outbreak will inflict long-lasting damage to the local economy.
Small businesses, in particular, are vulnerable and many will struggle to survive without support.
Given the urgency of the situation and the sheer scale and magnitude of the crisis, aggressive, decisive and immediate action through temporary and targeted measures is imperative to prevent (as far as possible) long term damage to the South African economy.
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