25 June 2020 - 19:13Most 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.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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