Sowetan MotoringFirst, our focus was directed towards the impact of Covid-19 on the public transport industry and additional precautionary steps on the cards to protect commuters. Second, we sought to survey brands with a local manufacturing presence, to discuss how the pandemic would be impacting on South African facilities, including jobs in the sector and potential sales.
Numerous carmakers have stated that global plant activities have been halted. Some have even shared plans to produce essential health care machinery such as ventilators, pledging their role to help fight the deadly coronavirus. The business of marketing and selling new metal has taken a back seat for a while as automobile companies bandy ideas for the betterment of humanity.
Or the entire micro-economy of the roadside flea market? Found at virtually any set of traffic lights in a major South African city, where merchants peddle their wares to waiting motorists. The pragmatic decision to contain citizenry and restrict movement will have ramifications that are self-evident, of course, but as a collective we acknowledge that it was a step that simply needed to be taken.
“Our country finds itself confronted not only by a virus that has infected more than a quarter of a million people across the globe, but also by the prospects of a very deep economic recession that will cause businesses to close and many people to lose their jobs.”
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Market data — March 24 2020Market data including bonds, unit trusts and fuel prices
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