Business rescue and private equity can give the ailing economy a leg up
While other sources of finance may be under pressure, private equity thrives in bearish economies
11 June 2020 - 16:14
The SA economy has been underperforming and failing to sustain substantive economic growth for the past few years; in fact, it has contracted at times.
Unfortunately, in light of the global Covid-19 pandemic the country’s economic prospects are going to get worse before they get better. The economy is expected to shrink by a further 5% or more this year. From this it is projected that as many as 1,600 businesses will be declared insolvent and that 7-million people could lose their jobs...
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