Post-COVID honeymoon over for SA businesses.

South African businesses enjoyed a brief “post-Covid honeymoon” due to pent-up demand and low interest rates during the second half of last year, which saw an improvement in their profitability and financial stability. But all those gains may be eroded with higher global inflation and rising interest rates now a threat to their stability.
This is according to the Turnaround & Restructuring team at Deloitte Africa, which produces the Deloitte Stability Index (DSI), a measure of financial stability (or instability) across sectors and companies listed on the Johannesburg Stock Exchange (JSE).