Business Day Spotlight

In this edition of the Business Day Spotlight, we look at how Covid-19 has impacted Africa’s economies. Our host Mudiwa Gavaza is joined by Neville Mandimika, an economist and fixed income strategist at Rand Merchant Bank to discuss the impact of coronavirus on the African economy in the last weeks. Mandimika starts off by explaining the different transmission mechanisms that will affect African economies during the crisis. From commodity prices to exchange rates, African countries will definitely feel the impact of Covid-19, he says. The discussion also looks at the effects of global oil prices on different countries, the policy responses of central banks and governments to Covid-19 and possible time frames for a recovery, which until a cure or vaccine is created, remains an unknown.