The BLSA CEO has noted the need for the state to consider lifting as many of the remaining restrictions on economic activities as possible, to ensure business recovery and a rejuvenated economy.
On Monday, 13 September 2021, Business Leadership South Africa’s (BLSA) CEO, Busi Mavuso, issued an article in which she detailed how South Africa should lower restrictions in an effort to boost economic recovery. Mavuso emphasised that these restrictions on economic activity are still biting, coupled with the effects of the July unrest.
The BLSA CEO stressed the need for the lifting of as many remaining restrictions on business activity as soon as possible, to help businesses recover. She highlighted that the entire small business sector has been hit hard by the pandemic, resulting in many resorting to closures and leading to job losses.
Mavuso also believes that reopening the economy as quickly as possible could help in preventing more businesses from going under, as well as help revitalize the wider economic recovery. Furthermore, with the vaccinations of over 13 million people, she believes that the state can consider reducing restrictions
See the post below.
The restrictions in economic activity are still biting and the effects of the July unrest and subsequent supply disruptions from our busiest port, Durban, are still to feed into our unemployment and GDP figures, writes @BusiMavuso2 in @fin24. https://t.co/5JwcAcs3i7
— Business Leadership South Africa (@BLSA_Official) September 14, 2021