CHRIS REDDY: Quality management navigated through the pandemic
They have found the innovative solutions necessary to adapt to changing needs brought on by Covid-19
One of my favourite quotes on macro forecasting is by Peter Lynch: “Nobody can predict interest rates, the future direction of the economy, or the stock market. Dismiss all such forecasts and concentrate on what’s actually happening to the companies in which you’ve invested.”
The perspective above is applicable to the challenges that investors faced in March 2020 when the globe was experiencing the first phase of the coronavirus. During the month, the S&P fell 29%, the Alsi followed suit dropping 28% and the rand fell more than 24% against the dollar. An even more vulnerable precursor to the crisis was SA’s domestic challenges. SA investors faced limited jobs, an indebted consumers, tough state finances coupled with intermittent electricity supply that threatened to derail any chances of economic growth, and then we had a lockdown cripple us...
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