Question

Covid-19 in the Republic of South Africa has had devastating effects on every aspect of our lives. In reference to the above, state the impact of Covid-19 in your communities on the following. a. Finance. (9 b. Economy. (3 c. Businesses. 14

Answer 1

Ans' a real a Finance:- The pandemic is is already radically worsening the economic Outlook for Africa, with growth expected to per capita collapse a negee tive 1.6*1, and fall of 3.9%, making 2020 the worst year since recoads began in 1970 for the continent's economic growth. have Policy measures included the base lowering rate - which his positive effects on aggregate demand and household abilities to service debts- lowering bank cash reserve fotos, government programmes and debt moratorium for banks. bond buying downgraded South Africa's 11 6) Economy - Moody's Investment Services Sovereign credit rating to "junk" status. The which continues to have a negative Outlook, was moved down from Baus" to Bal", one tered below investment grade, South Africa has no investment grade Screreign credit rating from any major ratings the first time since 1994. moody's stated that the downgrade reflected "continuing deterioration in fiscal strength now agency for and structurally very weak growth."

Coonavirus disruption Personal dhe el a but no Business disease 2019 The global spread of (covid 19) has resulted in unprecedented and both to our daily deuly lives, on Professional fronts. Businesses that rely on people visiting their such as Paremises and gathering in large crowds, restaurants, theatres and Sporting venues shutting down completely from at least three weeks. It is not case of reduced tonover tumover at call ? Crlobal and local tourel bans have hit the tourel and tourism Sector heard heard, and affected revenues Significantly - In In the manufacturing sector, orders and sales of non-essential Products heave come to a halt. This will definitely have huge effect on in first taro queposters of - The cast of creating remote wooking options could be expensive. -many businesses have insusance Such fire theft, and legal claims, but do not have the added Coros egelinst the fallout from global pandemic. bussinesses 20200 for events as a