The harm done to microeconomic entities such as businesses and households is yet to be fully determined. We need to plan towards a growth path using the resources that will be available.
There is a growing volume of literature outlining what ought to be done to reconstruct the economy after the devastation of this pandemic. I have certainly added to these write-ups, by outlining options for igniting growth in South Africa’s agricultural sector along the east coast in South Africa, all the way up to Limpopo.
In reality, however, it might be too early to place much emphasis on some of the plans that have been published by various institutions, as we are all still trying to fathom the full ramifications of this pandemic. It seems like we have thus far only seen a glimpse of the impact, as only four provinces in South Africa have experienced higher infection numbers, namely, Gauteng, Western Cape, Eastern Cape and KwaZulu-Natal. One can only assume that other provinces are yet to experience surges in infection numbers.
The harm done – sometimes by ill-designed regulations – to microeconomic entities such as businesses and households is yet to be fully determined. It is for this…