The resultant cut back on spending by households drastically affects the economy and the damage will only be assessed once the crisis has turned. ![]() Bulk buying – cheaper goods items and less visits to stores.Transport costs – petrol, taxies, buses and planes.Entertainment – restaurants, cinemas and bars.You will be forced to save Social distancing and isolating yourself will lead to less spending: Widen the non VAT items – make more food items cheaper.Provide free data – to everyone during certain times.Cheapen rates on essential services – electricity, water, rates.Defer interest on debt – temporary immediate relief.Cutting interest rates – to help with debt repayments. ![]() ![]() There are other more drastic measures which could be implemented to provide immediate relief to South Africans: Relief on the way Government has already unlocked a surplus (R3,6bn) found in the UIF fund and has opened this up to employees of companies who have closed because of the impact of COVID-19. They have rallied effectively mobilising South Africans to prepare for the onslaught of this crisis. Government has been on point dealing with the Corona Virus pandemic.
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