Economic

By Clare Wilson and Layal Liverpool Vaccination programmes are worth the moneyJack Taylor / Alamy The costs of vaccination programmes are vastly outweighed by the economic benefits of reducing illness, disability and premature death, a modelling study has found. “We hope these numbers can allow vaccines to be seen as investments rather than expenses,” says…

Enoch Godongwana, chair of the ANC's Economic Transformation Committee Photo: Thapelo Maphakela The ANC’s Economic Transformation Committee has published its discussion document on how SA can rebuild its economy to recover from Covid-19 effects.Investing in infrastructure, accelerating land reform and industrialisation of labour-intensive sectors are among many proposals contained in the document.But it also proposes…

President Cyril Ramaphosa at the State of the Nation Address on February 13, 2020 in Cape Town. Jeffrey Abrahams/Gallo Images via Getty Images Likening the effects of the Covid-19 pandemic to those of a war, President Cyril Ramaphosa has said that SA's economic recovery must be "state-led".The president was replying to a question about what…

Jacques Faul (Gallo Images) Even though the cracks appeared before the Covid-19 pandemic struck, Cricket South Africa (CSA) still candidly admits it's been "shell-shocked" by how intensely the virus has exposed the sport's business model.It's no secret that cricket has derived the majority of its income from selling broadcasting rights to various international markets for…

President Cyril Ramaphosa said on Tuesday that South Africa was witnessing the “total destruction” of its economy due to the Covid-19 coronavirus, and that radical economic transformation must be central to plans to rebuild and repurpose. Ramaphosa made the statements in Durban while addressing the provincial command council, led by Premier Sihle Zikalala, which is…