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Abstract:
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The second quarter Quarterly Economic Bulletin is presented at a time when the
country is implementing the economic reconstruction and recovery plan after the
upsetting effect of COVID-19 in 2020 and 2021. The national government has set up
plans and strategies to lift the country out of the tough prevailing economic conditions,
which ranges from high unemployment rate, high poverty levels and deteriorating
income levels. Covid-19 has also impacted negatively to the national and provincial
revenue collection, and the crisis lead to a need to reprioritize the budget towards
COVID -19 related expenditure.
Globally many economies are devising and introducing policy adjustments to cope
with the tough and challenging economic times and the new way of doing business.
The global economic landscape is shifting from traditional based activities to more
refined service orientated economic activities embracing the use of technologies. |