We quantify the impact of the Covid-19 pandemic on the Consumer Wallet and estimate the wage income may have been lost in 2020. In 2021, we expect the partial recovery of jobs lost in 2020 and resumption of full pay could result in the total wage bill increasing. Along with Eskom's clawback of tariffs, the normalisation of transport costs and Social Grants could partly dilute gains in wage income. We believe consumers' funds available for retail and discretionary spend could grow by 7.8% in 2021. Beyond the immediate negative impact of the pandemic, we highlight themes which could have longer-term consequences on the consumer wallet.
We think that there is a high probability that there could be further delays of the spectrum auctions. Based on our discussions with a legal expert it seems as though the legal challenges are weak, but nevertheless require ICASA to clarify various issues including the composition of the opt-in spectrum lots, and detail the migration plan and usage conditions subsequent to an operator successfully being awarded spectrum. ICASA will also need to provide some guarantees to the existing license holders (the broadcasters) that they will be able to continue using their currently assigned spectrum until they are migrated to a viable alternative band.
SA Higher Education - Insights from Former UCT Vice-Chancellor
Following the tumultuous 2020 year that saw cuts to higher education budget allocations and COVID-19 related disruptions to academic calendars, we engaged former University of Cape Town Vice-Chancellor Dr Max Price about the state of SA’s higher education.