The next few days will see a continuation of the rainy conditions over the central parts of the country, intensifying somewhat during the remainder of the week and moving eastwards to be confined to the eastern and northeastern parts by Saturday (4th).
Cyril Ramaphosa believes a Chinese-style lockdown to be both effective and necessary. For all his infatuation with the Chinese surveillance state, however, South Africa does not have the means to duplicate it, nor is it able to copy rich-world alternatives to a lockdown. Is he destroying the economy for nothing?
Food products and nonalcoholic beverages have been classified as essential goods, and their production, distribution and retailing will continue during the 21-day coronavirus lockdown period. As such, one could expect the impact on the agricultural sector to be minimal, but is that true?
On 27 March 2020, Moody's downgraded South Africa’s sovereign credit rating to sub-investment grade and placed a negative outlook on the rating.
Ratings firm Moody’s has downgraded South Africa’s credit rating to below investment grade, after three years being the only major firm to keep the country’s head above water.
The 21-day lockdown period may lead to a newfound respect for our food producers.
