SA Business Integrator - Volume 7 l Issue 1 - April 2021

Page 48

EMPOWERMENT

Businesses must use their B-BBEE deliverables to

create interventions for economic growth South Africa is in trouble. Before COVID-19, the economy was already teetering at the edge of a fiscal cliff with two consecutive quarters of negative GDP growth and the expanded unemployment rate at a frightening 42%. Then COVID turned South Africa and the world on its head, fast tracking an unprecedented global slow-down that infiltrated every crevice of economic activity. 46

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SA Business Integrator - Volume 7 l Issue 1 - April 2021 by Media Xpose - Issuu