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Experts Push For Level 5 In Gauteng; FinMin Hints at Support for Land Bank

SOUTH AFRICA

LOCAL NEWS

  • Health experts calling for level 5 restrictions in hotspot areas in the form of self-imposed lockdowns - focused mostly on Gauteng -TimesLive.
    • While Ramaphosa is unlikely to escalate the entire country beyond level 3 in the absence of >30k/cases per day, Gauteng could be subject to a short-term circuit-breaker if hospitals become overburdened, which reports show is relatively close to happening.
    • Not an immediate risk, but should more signs emerge this may become a possibility
  • FinMin Mboweni says via Twitter that he will work with banks to enable support for SMMEs and farm loans.
    • Ties in with recent pressure on the Land Bank to secure financing to offset rising balance sheet pressures. Will likely result in a Govt allocation at the Feb budget (looking for R7.1bn)
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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