By AFP More by this AuthorJohannesburgAdmired by some but berated by others for imposing a tight lockdown, South African President Cyril Ramaphosa faces a fresh leadership test over his handling of the coronavirus outbreak. "The president is going to level 3 because he is buckling under pressure from all fronts," Mathekga said. "This lockdown is costing our economy around 13 billion rand ($742 million) a day," said DA leader John Steenhuisen. STRIKE BALANCEJust two years after winning the presidency by pledging to revive the economy, Ramaphosa has been forced to strike a balance between maintaining public health and ensuring economic recovery. According to BATSA, the South African treasury is losing 35 million rand ($2 million) in excise taxes per day as a result.

Source: Daily Nation May 31, 2020 04:30 UTC