SOUTH AFRICA DECLARED LOCKDOWN ON MARCH31 AND SET UP AN ECONOMIC COVID19 IMPACT

USPA NEWS - Over the weekend, the South African government declared a three-week nation-wide lockdown as the number of coronavirus cases in the country passed the 1000 mark. While there is hope that this drastic measure will help curb the spread of Covid-19, the reality is that South Africa is at the head of the list of vulnerable countries. With a population of 7.7 million living with HIV, the country´s health system is stretched-thin already.  But South Africa will not be the only African country shaken by Covid-19: with all 54 countries on the continent reporting cases of the new coronavirus, the pandemic now threatens to batter Africa´s economies across the board. 

Over the weekend, the South African government declared a three-week nation-wide lockdown as the number of coronavirus cases in the country passed the 1000 mark.  While there is hope that this drastic measure will help curb the spread of Covid-19, the reality is that South Africa is at the head of the list of vulnerable countries. With a population of 7.7 million living with HIV, the country´s health system is stretched-thin already.  But South Africa will not be the only African country shaken by COVID-19: with all 54 countries on the continent reporting cases of the new coronavirus, the pandemic now threatens to batter Africa´s economies across the board.  And this story will not just be confined to Africa - globally, emerging markets are facing an unprecedented challenge to their public finances, financial markets, social security systems and public health infrastructure.   Colin Coleman, former CEO of Goldman Sachs, Sub-Saharan Africa will join Sasha Polakow-Suransky, Deputy Editor at Foreign Policy and author of “The Unspoken Alliance: Israel's Secret Relationship with Apartheid South Africa“ in conversation to discuss the possible pathways to recovery for South Africa, and the lessons the country can learn from its past as it weathers this new crisis.  Register here to gain an insider view of the rapidly-changing situation in Sub-Saharan Africa, and glean lessons from the South African example as emerging markets across the globe grapple with the mounting challenges of this global pandemic. Tune in live and join the conversation online using #LessonsForStrongEconomies. Source: apo