The world is currently going through a crisis, and what adds to peoples’ sense of panic and uncertainty is the fact that no one knows when the economy will fully recover. Some experts have even predicted that the country will be in some sort of locked down state until 2021. The environment continues to become challenging while people’s income has been partially or fully impacted. And at the same time some basic necessities are becoming expensive e.g. the petrol price increases. According to report from research firm Kantar entitled “Navigating Growth in a COVID-19 World”, 83% of South Africans are hugely concerned about the global economic situation, compared to the 79.5% global average, and 82% of household incomes have already, or are expected to be, impacted. What is the advice from Nedbank?
Guest: Sisandile Cikido