‘Locked Down’ Trade Environment
SACCI Media Release
April 2020 Trade Conditions Survey
Embargo: 11:30 on Thursday, 14 May 2020
In April 2020, the strict lockdown regulations owing to Covid-19 took effect and outpaced the recessionary economic conditions. Trade conditions were badly affected and called for extra-ordinary efforts by businesses to keep afloat. The seasonally adjusted Trade Activity Index (TAI) declined by 11 points to 26 in April 2020 while …