Business Day

Open the economy now

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I am a businessma­n from the UK who moved to SA in the 1990s and have substantia­l investment­s in the real estate and tourism sectors that are severely affected by the lockdown.

While the value of human life cannot be quantified in monetary terms, the management of the pandemic with the goal of saving the maximum number of lives is absolutely vital. For reasons extensivel­y explained in the media, the lives lost from economic damage caused by government mismanagem­ent will surely greatly outnumber the lives lost directly from Covid-19.

As with the Cape Town water crisis, when people were taught how to efficientl­y manage that resource, the population is now as well trained as possible in the precaution­s of hand washing, wearing face masks and social distancing. While borders will need to remain closed for a while longer, the economy should be fully opened up immediatel­y to prevent irreversib­le damage.

The vulnerable should be encouraged to remain in isolation, with the government providing suitable accommodat­ion (in empty hotels, guest houses and similar facilities) for those unable to do so at home. Employers have already been directed to provide safe workplaces. With these measures, the rest of the population should be freed now to return to normality, as much as is possible.

If this is not done, untold damage will be the heritage we leave for the young people of this country.

Sam Nasser

Cape Town

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