Exclusive: Expert hopeful economic impact of Level 3 won't be as harsh

Exclusive: Expert hopeful economic impact of Level 3 won't be as harsh

- While the nation is still attempting to deal with the economic fallout of the first hard lockdown, another has been imposed

- However, Dr Kenneth Creamer, an economist from Wits University, has hope that this time around the impact of the restrictions won't be as negative

- Briefly.co.za discussed the expected effects of the Level 3 restrictions with Creamer

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Dr Kenneth Creamer, an economist from Wits University, has discussed his views on the newly imposed Level 3 national lockdown restrictions.

The country recently moved up two levels on Monday evening, with the restrictions kicking in with immediate effect.

Briefly.co.za exclusively spoke to Creamer, who highlighted the restrictions as necessary:

"President Ramaphosa’s additional Covid restrictions are unfortunately necessary given how rapidly the virus is spreading again in many parts of South Africa."
Mainstream

Creamer is hopeful that the economic impact of the lockdown won't be as negative this time around. Image: Flickr/ GCIS
Source: UGC

While the restrictions are unfortunate, Creamer feels that the economic impact this time around may not be as harsh:

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"Hopefully the economic impact of the restrictions will not be as negative this time round as almost all businesses will be able to operate effectively during this phase of the Covid restrictions."

The expect highlighted the critical importance of a widespread vaccine campaign in an effort to flatten the curve:

"It is vitally important that South Africa begin to access and rollout vaccines to prevent the spread of Covid as soon as possible in the new year."

While health is, naturally, the top concern amid the pandemic, Creamer called for economic recovery to also be a focus:

"Also we must continue to implement the country’s plans for economic recovery in order to promote growth, investment and job creation. In particular, electricity reforms need to be accelerated including the building of new utility-scale generation capacity and the easing self generation regulations."

Meanwhile, Briefly.co.za reported that Police Minister Bheki Cele has made an unusual statement over the new curfew imposed under Level 3 regulations.

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Speaking during a SAPS members parade in KwaMashu on Wednesday, Cele declared that this time there will be 'no 31 December' this year.

With plans for traditional parties already scrapped by the liquor ban and the restrictions on gatherings, Cele opted to go one step further:

“We are experiencing something we’ve never gone through. This time, there is no 31 December. There is no New Year’s Eve. There is no tin-hitting. By 21:00, we want everybody ‘ulele’. Everybody must be in bed by 21:00. It’s important to understand this.”

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Source: Briefly.co.za

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