Residents of Shoshanguve continued to share their opinions on the lockdown expressing concerns about the recovery of the country.
Most shared views that it will be difficult after the 31 Days lockdown because the economy is already showing signs of decline with South Africa being downgraded to junk status by rating agencies.
Ms Busisiwe Mlangeni, a student at Denver College also an employee at BMW said that it might take months or years for South Africa to recover from the damage caused by the global pandemic.
“We may run dry at some point following the lockdown so we can expect a drop in everything including, the economy, the markets and the mixed economy,” said Ms Mlangeni.
A student from Tshwane university of technology, Ms Anelisa Sibanda, said lockdown is a
good way to reduce the spread of the virus but the economy of our country is at stake.
“The Rand took a knock just after the lockdown so I wonder what will happen in the next three weeks.
“Other businesses will be closed, there’s going to be loss of income, people will lose their jobs which might result in an economic recession,” said Ms Sibanda.
Mr Vincent Mathosse said, “We should start with the informal sector, a considerable number of our population are dependent on it for survival. Since this lockdown they have lost their income, I’m talking street vendors, part-time gardeners and so forth. Small-medium enterprises will hit the most. Remember that most of them do not have experience and resources to re-emerge after a big setback like this.”
“Before covid19 groups like Edcon were already struggling and there is a possibility that they might not reopen their doors when everything gets back to normal. Meaning that jobs will be lost and some companies might close down,” said Mr Mathonse.
He continued to mention the SOEs and the negative economic status of the country.
“We have also been downgraded because of negative growth and investment grade. SOEs will need a bailout, we might need to lend more. Tough times are ahead but I think South Africans are resilient to survive,” added Mr Mathosse.
