As we have seen in major crises in the past such as the two world wars, the Great Depression of 1929, and the 2008 sub-prime financial crisis — the world post the Covid-19 pandemic is set for major economic disruption and SA, in particular, will never be the same again.
We are seeing broad consensus among business commentators and economists that the pandemic does not represent a pause — it’s an entire reset of our economic system.
The next six to 12 months will no doubt inflict the most pain on SA’s already fragile economy — resulting in further job losses and worsening social ills. But as the old political adage goes, “never waste a good crisis”.
