We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Showing the real impact of the pandemic on African business, the total brand value of Africa’s top 150 most valuable brands has declined by $5.5bn (12%), from $45.5bn in 2020 to $40.0bn in 2021.The Africa 150 2021 ranking by consultancy Brand Finance shows how devastating the pandemic has been for the brand value of Africa’s top brands.Lockdowns and travel bans were implemented throughout the year and across the continent, creating uncertainty and affecting brands’ ability to do business as usual, the company says.Brand Finance MD Jeremy Sampson believes regaining value will involve a long slog."African brands will need to search for opportunities to regain lost ground. By embracing new technologies and collaboration, the continent can propel its recovery and bounce back from the extraordinary situation the world has found itself in," he says.That isn’t going to be easy, according to a report in the journal Globalization and Health. It says the pandemic has ushered in a new climate...

This article is free to read if you register or sign in.

If you have already registered or subscribed, please sign in to continue.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.