The reality of Covid-19 on South Africa’s weak economy is devastating. So says Abdul Aziz Davids, head of research at Kagiso Asset Management, commenting on the financial pinch being felt on small and medium businesses in the wake of the coronavirus. Currently, South Africa has 402 confirmed cases of Covid-19 – an increase of 128 since yesterday. President Cyril Ramaphosa is set to address the nation later today on measures to be undertaken to curb the impact of Covid-19. However, Davids said the real economic impact will only show one month or even two months down the line. Commentary by Abdul Davids – head of research at Kagiso Asset Management.
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