Leslie Maasdorp, vice president and CFO of the New Development Bank, said the pandemic has severely damaged the South African economy, costing approximately 1 million jobs, and resulting in expected economic growth this year of -8.5 percent. South Africa's budget deficit will again reach double digits, its worst level in 28 years. However, Maasdorp remains optimistic about the medium- and long-term development of the African economy, and he believes the continent has great potential and prospects.

Subscribe to us on YouTube: https://goo.gl/lP12gA
Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8
Download our APP on Google Play (Android): https://play.google.com/store/apps/details?id=com.imib.cctv

Follow us on:
Website: https://www.cgtn.com/
Facebook: https://www.facebook.com/ChinaGlobalTVNetwork/
Twitter: https://twitter.com/CGTNOfficial
Instagram: https://www.instagram.com/cgtn/?hl=zh-cn
Pinterest: https://www.pinterest.com/CGTNOfficial/
Weibo: http://weibo.com/cctvnewsbeijing
Douyin: http://v.douyin.com/aBbmNQ/