Why South Africa needs a stimulus plan – Nazmeera Moola

Published: April 16, 2020, 4 a.m.

April 16 2020: Most emerging markets have announced packages of 2% to 5% of GDP. The large developed countries have so far provided fiscal packages of 12% to 15% of GDP. Adding up all the measures that South Africa has announced gets us to 0.7% of GDP at the most. Without more, there will be a great deal of short-term and long-term pain for South Africans says Nazmeera Moola.