Post Covid19 and South African Economy By Kola Olapite

It remains an obvious fact that virtually all the sectors of the economy have been adversely affected by coronavirus pandemic and it would take proactive measures and aggressive economic policies implementation to put the South African economy back to the track. Analyzing the whole effects of Covid-19 on South African Economy, undoubtedly, the effects of the Covid19 pandemic is gross, inimical to economic stability, growth and development. For the nation’s economy to stage a comeback on the path of recovery, the following economic policies should be aggressively put to use:…

Trump threatens to cut trade relationship with China

By Kola Olapite   U.S President Donald Trump has declared his intention to cut trade relationship with China, the second biggest economy in the world amid rising tensions about the coronavirus pandemic. In an interview with Fox Business Network broadcast , Trump said he was very disappointed with China’s failure to contain the disease and that the pandemic had cast a pall over his January trade deal with Beijing, which he has previously hailed as a major achievement. “ So I made a great trade deal and now I say…

7million jobs could be lost in South Africa, national treasury predicts

By Kola Olapite,South Africa   According to the national treasury’s projection, South African economy may face another tough challenge as job losses could reach an unprecedented rate, about 50% which is projected to be up to 7 million people potentially losing their jobs resulting in the coronavirus pandemic that has brought a sharp contraction in the country’s economy due to the inevitable lockdown following the South African president’s declaration of national disaster in March 26th, 2020.  The minister of Finance, Tito Mboweni and Treasury Director General, Dondo Mogajane, gave this…

My biggest regret in recent times  By Kola Olapite.

I find it unavoidable to break a cherished golden silence consequent on my absolute inability to further stomach the impudence going on in Buhari-led administration . With a contrite spirit, I am openly unfolding my heart-felt regret regarding the roles I played in embracing Buhari’s APC change mantra which preceded the national elections of 2015 in Nigeria. I was even alleged to have taken money from APC’s godfather, Asiwaju Bola Ahmed Tinubu whom I saw last about ten years ago at a public function. Can you imagine! Consequently, I will…