Covid-19 coronavirus explained

Planned economic reforms need to be fast-tracked - what are the options?

!-- START: PMB Banner Embed -->

Lullu Kruger, Chief Economist at PWC, shares with The Money Show what kind of steps a government can take to help businesses and the economy.

So what we've seen globally are basically two or three types of measures. Some of them are very targeted to SMEs, individuals, workers that may be laid off. Some tax cuts like we saw for example in China and Italy, extended sick leave...

Lullu Kruger, Chief Economist - PWC

On a monetary policy and fiscal side we've seen different approaches - interest rates cuts, credit easing for banks. On a fiscal side - redirecting spending, releasing emergency funds, increased borrowing, so increased debt ceilings, and also some changes to taxes and tax cuts.

Lullu Kruger, Chief Economist - PWC
FILE: A pile of coins and calculator. Picture: 123RF.com

Listen to the entire sound clip below.

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning.

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
South Africa’s economy to shrink by 23.5% in 2Q/2020 – Absa forecast

South Africa’s economy to shrink by 23.5% in 2Q/2020 – Absa forecast

Africa’s most developed economy is heading for a very cold economic winter, says Absa Senior Economist Peter Worthington.

'If you still have a job, get rid of your debt as fast as you can'

'If you still have a job, get rid of your debt as fast as you can'

Personal finance expert Warren Ingram has advice on how to survive – or even thrive – amidst the Covid-19 outbreak.

 Ronald Lamola denies Chris Hani killer Janusz Waluś parole ... again

Ronald Lamola denies Chris Hani killer Janusz Waluś parole ... again

Ministry of Justice spokesperson Crispin Phiri says granting him parole will not give effect to the severity of the crime.

'You can not just send students packing, confine them in their residences'

'You can not just send students packing, confine them in their residences'

The South African Union of Students reacts to universities suspending classes and asking students to vacate residents.

[WATCH] Professor demonstrating how soap can kill COVID-19 goes viral

[WATCH] Professor demonstrating how soap can kill COVID-19 goes viral

Khabazela shares some of the videos that went viral on Twitter and Facebook.

[WATCH] Cyril Ramaphosa's elbow greeting leaves social media in stitches

[WATCH] Cyril Ramaphosa's elbow greeting leaves social media in stitches

Khabazela shares some of the videos that went viral on Twitter and Facebook.

Popular articles
Online South Africans give government a nod on COVID-19

Online South Africans give government a nod on COVID-19

Ipsos public affairs director Mari Harris says 61% of online South Africans say they have confidence in the response to coronavirus.

Health experts warn against COVID-19 stigma

Health experts warn against COVID-19 stigma

UCT's Desmond Tutu HIV Centre head Linda-Gail Bekker says stigma may lead to the increased spread of the virus.

[LISTEN] Repairing ruptured relationships

[LISTEN] Repairing ruptured relationships

Clinical psychologist Hayden Knibbs explores intense desires that may surface during the lockdown, to repair relationships.

Should social grants be increased to mitigate COVID-19 economic impact?

Should social grants be increased to mitigate COVID-19 economic impact?

UCT's Children’s Institute Katherine Hall says the child support grant is the quickest, easy and reaches more people.

'Regulation is clear, information contained will only be used to fight COVID-19'

'Regulation is clear, information contained will only be used to fight COVID-19'

Designated judge Kate O’ Regan gives an update on how the government will use cell phone information to fight coronavirus.

Communities in informal settlements to be relocated amid COVID-19 outbreak

Communities in informal settlements to be relocated amid COVID-19 outbreak

Minister of Human Settlements, Water and Sanitation Lindiwe Sisulu says people need to be moved to protect them from the virus.

[WATCH] Thousands of birds visiting Langebaan during lockdown goes viral

[WATCH] Thousands of birds visiting Langebaan during lockdown goes viral

Khabazela shares some of the videos that went viral on Twitter and Facebook.

[WATCH] Impromptu singing by mom, daughter and dog has social media in stitches

[WATCH] Impromptu singing by mom, daughter and dog has social media in stitches

Khabazela shares some of the videos that went viral on Twitter and Facebook.

Everyone needs to comply, no taxi must leave the rank with a full load - Santaco

Everyone needs to comply, no taxi must leave the rank with a full load - Santaco

Gauteng spokesperson Midday Mali gives and update of what the industry is doing to help its members during the lockdown.

Gauteng Matric Revision 2020: Business Studies Module 1

Gauteng Matric Revision 2020: Business Studies Module 1

The Gauteng Department of Education and 702 are handing back the keys to every matriculant’s future.