Economics
South Africa Must Put Locals First Post Virus, Mboweni Says
- Government has $26 billion plan to mitigate effects of virus
- Central bank expects economy will contract 6.1% this year
A pedestrian crosses a nearly empty street in the the Central Business District of Johannesburg on April 6.
Photographer: Waldo Swiegers/BloombergThis article is for subscribers only.
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South Africa needs to rethink the structure of its economy as it emerges from the coronavirus pandemic, and ensure locals are favored for jobs and other economic opportunities, Finance Minister Tito Mboweni said.