Ethos Capital expects further pressure from Covid-19
The investment holding company’s portfolio was under pressure in its year to end-June, and is downbeat about SA's prospects
28 September 2020 - 08:27
Investment holding company Ethos Capital, which has stakes in TymeBank and Brait, said on Monday SA's economic recovery from the effects of the Covid-19 pandemic could take more than a year.
The group said its acquisition of a 9.8% stake in Virgin Active-owner Brait in February “could not have been timed worse”, after the pandemic shut gyms and hit economic activity...
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