SA’s perfect storm – Junk status, Covid-19, SOE’s & Oil wars

SA’s perfect storm – Junk status, Covid-19, SOE’s & Oil wars with Johann Els, Chief Economist, Old Mutual Investment Group. The month of March 2020 has been a time of major market events in SA which aggravated the technical recession and continued death of strategy to deal with SOEs. Covid19, unheard of before December 2019, is a complete shock that has taken over global attention and resources in a space of 4 months. The downgrading on 27 March of the South African economy to sub-investment grade, is one that has been long-coming. But is there is light at the end of the tunnel? And what should government; with the support of business, labour, civil society and all South Africans; do to get there.