Covid-19 has wiped out a third of South Africa’s middle class – study

South Africa’s overall GDP is expected to decline by at least 5.1% and up to 7.9% in 2020 and recover slowly through 2024, the United Nations Development Programme (UNDP) has warned. This will lead to major setbacks in addressing poverty, unemployment and inequality, according to the UNDP’s latest study on the socio-economic impact of Covid-19 […]