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