Impact

Business: Eateries And Retail Feel The Impact Of Coronavirus

Last updated on September 11th, 2021 at 08:10 am

As the world struggles to recover from the impact of the coronavirus, the restaurant and retail sector in the country has particularly felt the impact of the coronavirus due to the lockdown imposed by government authorities in South Africa.

Recorded café gatherings, Spur Corporation and Famous Brands, detailed a huge decrease in deals because of the terminations.

Prod detailed a 21.7 percent decrease in absolute deals to R6 billion for the year to end June, hurt by limitations over the most recent four months of its monetary year.

Prod’s South African deals diminished by 22.3 percent, while deals from global eateries fell by 16.7 percent.