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ECONOMY: South Africa (MRB Dec 2001): AIDS effects will slow economic upturn.
Just as the South African economy begins to move out of recession in 2003 the economic effect of AIDS will start to kick in, business leaders heard at a conference this month.
Already there was a correlation between AIDS prevalence and some declining markets, Mike Perry, chief executive officer of Perry & Associates, told the meeting in Midrand. By the end of 2003 the number of AIDS sufferers would have doubled and the structure of the population and spending priorities would change.
Markets would decline from 2005, even before the Medical Research Council's projected zero population growth level was reached by 2006.
Late last month the University of the Witwatersrand's Faculty of Health Sciences issued a statement in an attempt to get the government to acknowledge a national AIDS emergency.
The Wits academics said HIV threatened to the social and health fabric of Southern Africa. "It is the biggest challenge the current government faces and requires every level of society to be involved in responding to this pandemic", they said, adding "we must respond to this crisis with energetic national commitment, even in the face of competing budgetary priorities".
Court defeat
The SA government failed to defend itself in court this month in an action on the issue ...
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