Quote:
Originally Posted by OZpharmer
All the threads/posts were written before the ongoing pandemic.
Any insights on what South Africa would look like(i.e. society-wise) in a post-covid-19 world?
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IMO, the globe will face a serious recession most nations are re-evaluating business and consumption at the local levels. The SA property market has been on the decline for at least a year and they've been having issues with the airline industry, unemployment was already high so I think it will be a serious issue after COVID19 they should be making plans to help their industries/people, SA has always been a tourist destination so I think that industry will bounce back (not right away but it will bounce back- but if there are travel bans/testing this sector won't come back quick at all) Their retail sector doesn't look good right now either but I think that this too will bounce back.
It seems like the SA government is not forward thinking. But the West and Asian markets will be more interested in SA as well as other countries in Africa so they need to have a long term plan/goals/policies.
I only see more foreign investors as a result of COVID19. Crime IMO will be on the incline and there will be racial tension. But businesses will grow.
In addition, I think it will be a buyers paradise.