HISTORY AND IMPACT OF HIV IN SOUTH AFRICA'S ECONOMY

HISTORY AND IMPACT OF HIV/AIDS IN SOUTH AFRICAS ECONOMY
As we all know hiv/aids is a deadly disease which is currently not curable. Hiv came to be identified and defined as AIDS between 1983 and 1984. In 1983, AIDS was diagnosed for the first time in two patients in South Africa. The first recorded AIDS-related death occurred in the same year.
The UN statistics say that more than three quarter of aids deaths occur in sub Saharan Africa and South Africa. South Africa has the fourth-highest adult HIV prevalence rate in the world. In 2016 the HIV prevalence rate for adults aged 15 to 49 was 27% in Swiziland,25% in Lesotho,25% in Botswana and 19% in South Africa. Also around 5.7 million South Africans were estimated as having hiv/aids including around 300 000 children under the age 15 years. The most persons at a higher risk of being infected by hiv are women in that in every young man infected three young women are infected.
The danger that is in South Africa is that most people do not know their HIV status. through this many people are likely to get infected and die in future thus increasing the mortality rate. In 2002, South Africa constitutional court ordered the government to remove restrictions on the drug nevirapine and make it available to pregnant women in all state hospitals and clinics to help prevent-mother-to-child transmission of HIV.
ITS IMPACT ARE:
The increased mortality in this region will result in smaller skilled population and labor force. The smaller labor force will be predominantly young people, with reduced knowledge and work experience leading to reduced productivity.
Cost-The direct costs of AIDS include expenditures for medical care, drugs, and funeral expenses.

Households expenditure for medical expenses, death results in a permanent loss in income from funeral and mourning of the main breadwinner
Impact on agriculture and firms
The laborers will reduce in population due death of the leading to reduced output.

Reference;
  The Macroeconomics impact of AIDS in sub-Saharan Africa.
Mutisyia John

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