South Africa's economy to see worst performance in 90 years | World News

JOHANNESBURG (AP) — South Africa’s economy is expected to decline by 7.2% this year, its worst performance in nearly 90 years, as the coronavirus pandemic takes a toll on sub-Saharan Africa’s most developed country.

This was revealed in an emergency budget delivered by Finance Minister Tito Mboweni on Wednesday, a day after the country’s statistics body revealed its unemployment rate had increased by 1% to 30.1%, its highest ever.

Mboweni proposed spending an additional $1.9 billion for COVID-19 related healthcare as the country’s coronavirus cases…

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