The blow of the unrest in SA will be felt beyond 2021, National Treasury tells Parliament

The original article can be read here.

Article Highlights:

  • In SA’s two riot-affected provinces, only 6% of impacted businesses are open as usual, and 51% of impacted business have closed;
  • Longer-term borrowing costs increased in July due to the recent civil unrest in the province, but that they have since recovered; and
  • National Treasury Director-General Dondo Mogajane says it is critical to address the impact of unemployment as it poses a threat to future stability.