Impact of COVID-19

In the first week of January with South Afirca continuing its sojourn into the New Dawn with a 20/20 vision of growth and possibility, there was little anticipation of what was to be in the coming months.

COVID-19 has come to the fore with dramatic economic and social implications - not only in South Africa, but across the globe. The global pandemic has brought into question predicted trajectories for economic growth, employment, profitability, sustainable development and - vital within the South African context - B-BBEE.

41%

Of firms expect a drop in revenue/ profits for this financial year

84%

Of firms see a rise in appetite for impact investment aligned to the UN SDGs

66%

Of firms have implemented cost containment measures

94%

Of firms believe that global allocations should be channelled through local firms

CHANGE

Unanimous agreement that the world of work has forever changed

78%

Of firms expect an increase in M&A activity

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Fund facts

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