South Africa’s economy moves down to lockdown Level 3

SOUTH AFRICA - Report 29 May 2020 by Iraj Abedian

​It has been a long and challenging two months for most South African businesses and workers due to the country lockdown that followed shortly after a state of emergency was declared on account of the Covid-19 pandemic. Therefore, President Ramaphosa’s address on May 24 announcing that the country would be moving to "Stage 3" lockdown from "Stage 4", effective from June 1, came as a relief to many as it means that significantly more economic activity will be permitted to take place. Roughly 70% of the economy will resume operations. This will be subject to strict health protocols and social distancing rules.

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