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The Standard Group Plc is a
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influence in matters of national and international interest.
South Africa’s economy will contract by more than initially projected, likely shrinking 6.9 per cent in 2020 compared to an earlier forecast of a 4.5 per cent contraction, ratings agency S&P Global Ratings said on Monday in a report.
South Africa has the highest number of confirmed coronavirus cases in Africa, with more than 270,000 infections, and 4,000 deaths, and is now recording the fourth-largest daily increase in new cases worldwide at more than 12,000 per day.
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