BL PREMIUMThe Covid-19 pandemic has put many businesses, large and small, under immense operating, legal and financial pressure. The fixed cost structures of various businesses have been a large source of the financial and operational challenges, and these will not go away in the wake of the coronavirus.
The lockdown in response to the pandemic has ensured that many sectors will cease to operate in the way they did pre Covid-19. Sectors such as real estate, hospitality, tourism, construction, transport and retail have been particularly severely affected.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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Call for property industry to be declared an essential serviceAn united property industry has called on government to re-open the Deeds Office during lockdown and to categorise the property industry as an essential service. LockdownSA Day25ofLockdown COVID19SouthAfrica I think they should. The friends of penny sparrow & vicky momberg Not a chance. Laughable at best
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Stats SA warns of business closures due to Covid-19 lockdownA survey conducted by Statistics South Africa has revealed that 42.2% of businesses say they have run out of financial resources to continue operating during the Covid-19 outbreak. TEMPORARILY YES
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Business and Arts SA to assist artists following lockdownIn trying to close a gap left by the department of sports, arts and culture relief fund, Business and Arts South Africa (BASA) plan to assist individual artists, creative freelancers and independent contractors through a once off grant aid.
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