Motor industry sees Covid-19 halving earnings
Survey finds 83% of respondents had less than three months cash flow remaining
Most companies in the SA motor industry expect the economic effects of Covid-19 to cut their budgeted earnings by more than half in 2020.
More than a third say they will be lucky to break even by the end of 2021, though the remainder hope to be there by midyear. The findings are contained in a report published on Thursday by the Deloitte business consultancy.