Neva Makgetla - Senior Economist, TIPS
Presentation: The pandemic and the economy in southern Africa
Klaus Schade - Independent Economic Analyst in Namibia
Gibson Chigumira - Executive Director, Zimbabwe Economic Policy Analysis and Research Unit (ZEPARU)
Itumeleng Mokoena - Intern, TIPS
Tourism bears brung of Covid-19 pandemic across SADC - researchers (Lameez Omarjee, Fin 24, 21 May 2021)
Southern African countries' Covid-19 economic recovery rapid – TIPS (Donna Slater, Engineering News, 19 May 2021)
This Development Dialogue takes place in the context of the SA-TIED programme. It provides an overview of the economic impact on SADC, and then unpack the specific issues impacting on Namibia, Zimbabwe and Botswana.
14:00 Opening and welcome by chairperson: Themba Khumalo
14:05 – 15:05 Presentations:
· Neva Makgetla: Overview of the economic impact on SADC
· Klaus Schade: Namibian experience
· Gibson Chigumira: Zimbabwean experience
· Itumeleng Mokoena: Botswanan experience
15:05 – 15:30 Discussion
As in the rest of the world, the COVID-19 pandemic had a severe economic fall-out in Southern Africa, which endured an economic depression in 2020. The economic outcomes varied significantly over the course of the year, however. A sharp downturn linked to regional and international lockdowns in the second quarter was followed by a rebound in the remainder of the year. For 2020 as a whole, the regional GDP was around 6% below 2019. The available evidence indicates that the pandemic depression aggravated inequalities in Southern Africa, which were already among the worst in the world. Less-skilled workers saw a disproportionate loss of livelihoods; small businesses were also more likely to close down than larger ones; and government cuts to services in response to falling revenues had the sharpest impact on low-income households and communities.
About the Speakers
Themba Khumalo is the Director of Africa Integration and Industrial Development at South Africa’s Department of Trade, Industry and Competition.
Neva Makgetla is a senior economist at TIPS. Makgetla has published widely on the South African economy and worked for many years in government.
Klaus Schade is an independent economic analyst in Namibia.
Gibson Chigumira is the Executive Director of the Zimbabwe Economic Policy Analysis & Research Unit (ZEPARU).
Itumeleng Mokoena is an intern at TIPS.