South Africa vs Lockdown - SA Shares Presents a Blow-by-Blow Account of Africa's 2nd Biggest Economy

JOHANNESBURG, July 24, 2020 /PRNewswire/ — The lockdown has two facets. First, citizens were only permitted to leave their homes to buy food, seek medical attention, and collect welfare grants. This resulted in a severe decline in the demand for services. Second, most economic activity halted except for outlined essential services. Furthermore, the unsettled economy and global lockdowns led to declines in investments and trade, causing further recession. Though restrictions eased in May after five weeks, and further in June, allowing the phased reopening of some businesses and…

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