The Week In Perspecive

It’s been a bad week for KZN, Eskom and the economy: The human and economic costs of the recent KZN rains and floods mount: in announcing another National State of Disaster this week to deal with the socio-economic consequences the recent overwhelming floods in KZN President Cyril Ramaphosa confirmed that the National Treasury would make R1 billion immediately available for the disaster effort. He said that the Finance Minister would also approach Parliament for additional resources. What was also noteworthy about Ramaphosa’s message was the acceptance that the public did not trust the government with emergency funds and resources, and that special steps would be taken to prevent any ‘looting’ and corruption. The rand has been in freefall along with the national mood. To put this in perspective Michael Avery is joined by Warwick Lucas Head of Galileo Securities; Raymond Parsons, professor in the School of Business and Governance at Northwest University & Isaah Mhlanga, Chief Economist at Alex Forbes