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Then, in early March, the country recorded its first Covid-19 infection and imposed a strict lockdown that would contribute to South Africa’s biggest economic
by buyx 6y ago
Then, in early March, the country recorded its first Covid-19 infection and imposed a strict lockdown that would contribute to South Africa’s biggest economic contraction in a century. By July, Kganyane’s employer, one of the country’s largest clothing retailers, was facing bankruptcy. She was laid off..."
I'm assuming that she worked for Edcon, which was doomed well before Covid and the lockdowns, as a result of a disastrous private equity buyout by Bain Capital in 2007. https://www.businessoffashion.com/articles/finance/bain-exit-leaves-edcon-struggling-in-south-africa-retail-slump https://www.businessoffashion.com/articles/finance/bain-exit...
It makes me suspect that there is an ideological axe being ground in this article.