“At the end of it all it goes some way but we’re still far off and businesses are going to continue to bleed, retrenchments are coming in large volumes,”
The industry will need to have more relaxed regulations in order to benefit from resuming business.
Cape Town is home to 60 percent of all South African startups.
South Africa lacks the financial resources to brave the extended closure of companies.
Under level 4 lockdown close to 1.5-million people will to return to work.
Alcohol and cigarette makers have seen their cashflow disappear due to strict lockdown rules…
“… no regulation prohibits restaurants to convert themselves to essential service providers like delis, bakeries, supermarkets, and other food production entities that sell and do deliveries but is not open to public seating and serving,”
The CIPC has advised businesses to first go through the regulations to find out if they qualify, before they apply.
These services will not be permitted to operate and will thus need to be closed for the duration.
“The CTICC has been informed through a tracing process that certain staff members have been exposed to individuals who have had close contact with patients that have tested positive for the coronavirus.