Professional services firm PwC has published its latest economic outlook for South Africa, which includes forecast scenarios for the country’s lockdown levels and their likely impact on the economy.
The group’s economic scenarios for 2021 are strongly influenced by different perspectives about the third wave of Covid-19 infections.
On 27 June, president Cyril Ramaphosa announced a move to lockdown level 4 which included the banning of alcohol sales, social gatherings (excluding funerals), and leisure travel to and from Gauteng.
These were relaxed on 27 July as the country moved to lockdown level 3.
PwC compiled three scenarios for how South Africa’s lockdown levels could move until the end of the year. Both PwC’s baseline and downside assumptions consider a likely fourth wave of infections starting around the December holidays.
Read more on the BusinessTech website: 3 lockdown scenarios for South Africa – including a fourth wave over Christmas