1 minute read
We need to keep a clean record
This is the good NEWS - Ed
As South Africa hopefully nears Level 1 lockdown restrictions it is painfully apparent that we have a lot of work to do to save our fragile economy.
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Finance Minister Tito Mboweni said the Coronavirus pandemic has left government finances “dangerously overstretched”, while heightened debt threatens the country’s future economic prospects. It is expected that the country’s economy would shrink by more than the expected 7%.
Locally it leaves most businesses vulnerable and looking for ways in which to ensure survival. With an economy that is largely dependent on tourism, it further complicates matters as holidays and travelling are among the first things to be scuttled by cash-strapped members of the public.
For this very reason, it is of the utmost importance that we as a community work together to fight the effects of both Covid-19 and the second, equally deadly, economic pandemic. It is our duty to support locally owned and operated businesses. Ensure that the money you spend stays local and is not gobbled up by corporate coffers. Furthermore, we must market the Cape Whale Coast as the premier holiday destination in the country.
Click below to read more. (The full article can be found on page 8)