Economic Impact
A comparison done in 2003 of the results from four forecasting methods predicted the difference between an HIV/AIDS scenario versus a no-HIV/AIDS scenario for annual growth rates between 2002 and 2015. According to the study, real growth in GDP would be 0.6 percentage points lower than if there were no HIV/AIDS, but per-capita growth in GDP would be 0.9 percentage points higher. Growth in population would have been 1.5 percentage points lower, and growth of the labour force would be 1.2 percentage points lower, but the unemployment rate would be 0.9 percentage points lower as well.
The South African branch of the company Daimler-Chrysler estimated that in 2002 expenses related to HIV/AIDS were equivalent to 4% of all its salaries in South Africa. A study done in 2000 by South Africa's second largest company, Sasol, indicated that 15% of its local workforce was HIV positive, of which 11% had AIDS. According to the CEO of South Africa's largest company, SAB Miller, the cost of HIV/AIDS include costs associated with increased absenteeism, reduced productivity, increased turnover, and healthcare costs.
Read more about this topic: HIV/AIDS In South Africa
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