With the second largest economy in Africa, how has South Africa been coping with the economic fallout from the pandemic? In our first part of a series on the impact of COVID-19 on the country, we look into how buying the rand has become a punt on the chances of a second wave of the coronavirus as the importance of the South African economy recedes.
In the second part of our series on the impact of COVID-19 on South Africa, we focus on its banking industry. South Africa’s banks are strong enough to withstand the pressures of COVID-19 – but the pandemic has shown the limits of their model of geographical diversification.
In the fourth part of our series on the impact of COVID-19 on South Africa, we look at its tourism and hospitality sectors. They have lost an estimated R68bn in revenue amid the coronavirus outbreak, which has necessitated national lockdowns and enforced restrictions on global travel.