The South African economy is already on course for a strong recovery and significant growth next year, economic adviser to the Optimum Investment group Dr Roelof Botha told the Commercial Aviation Association of Southern Africa’s virtual 2020 symposium on Thursday. “The V-shaped economic recovery is on track,” he affirmed. The Covid-19 pandemic had hit the travel and leisure sector very hard, both globally and in South Africa. But the development of Covid-19 vaccines had radically changed the outlook for the sector. He pointed out that, on the world’s major stockmarkets, travel and leisure stocks had surged by 5% to 30% following the announcement of the development of the first vaccine, by Pfizer.
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