Despite attempts to conceal the signs, SA is undeniably mired in a slow-moving recession, which is subtly but severely affecting corporations and households.
Indicators such as Pick n Pay’s R3.2bn loss for the 2023/24 financial year cannot be attributed solely to poor business strategy. The economic environment has become hostile and the next three to five years will be crucial for the survival of large and small enterprises across corporate SA. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.