“The second half of 2020 will be more favourable. The currency could conceivably appreciate to near R16 to the US dollar by year-end. Inflation will remain benign. It is further conceivable that the Repo Rate could fall from a prevailing 5,25 percent to even 4 percent.” – Standard Bank Chief Economist, Goolam Ballim discusses the impact of COVID19 on the South African economy.