Covid-19’s impact on the country is massive. It has caused a national state of disaster and more than 60 days of a nationwide lockdown, unheard of in South Africa’s history.
Many companies listed on the JSE also haven’t escaped the brunt of the impact of the coronavirus.
Pepkor
Pepkor Holdings reported that the company had lost R5 billion in revenue in April as a result of level 5 lockdown implemented.
Pepkor has maintained strong trading momentum into July but said it is uncertain how long these levels of performance are possible as the impact of Covid-19 on the economy and employment unfolds. Continue reading “How COVID-19 has affected JSE listed companies”