Major sectors of South Africa’s economy will begin to recover from a Covid-19-induced slump as the country heads into spring and summer – a trend that was evidenced through Europe’s experience with Covid-19, says financial services company Investec corporate accounts head Dr Greg Cline. “[As] in Europe, as the infection rates come down, people become more comfortable and as a result spending towards hospitality, leisure and retail facilities increase– and these are some of the sectors and factors that support a strong rebound – we are likely to follow a similar pattern as our infection rate decreases and we enter spring,” he says.
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