Impact Partner Content / Absa / by Justin Schmidt, Head of New Sector Development at Absa Retail and Business Bank
The road to recovery has felt like a long and winding one, with a few bumps along the way, but the South African economy has recovered faster than initially forecasted, and expectations are that we may reach the average pre-COVID-19 levels of economic activity as early as next year. Recovery has varied across industries with sectors requiring lower levels of contact, such as manufacturing and mining, recovering at a faster pace than those sectors that require higher levels of contact, such as tourism and hospitality.
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