South Africa's economy has plummeted by 51-percent in the second quarter of 2020 due to the impact of the Covid-19 lockdown. According to Statistics South Africa the contraction is the fourth consecutive decline in quarterly GDP since the second quarter of 2019. Contributions to the contraction came from a decrease in manufacturing and mining production output as well as a decrease in the catering and accommodation industries during lockdown level-five and level-four. What does this mean for all of us especially the poor? Is this an indication that we in for a terrible time and worse can it get?

Guest: Xhanti Payi – Economist and Director Nascence Advisory