Key message: There is a relatively high probability that government will use SANRAL to kickstart infrastructure spending as a stimulus for the economy. Long overdue, this would boost the road construction sector.
https://chronux.co.za/wp-content/uploads/2020/04/CSB-0420-Initiation.pdf
Key message: We have updated our forecasts to reflect three months of lost business due to the lockdown and knock-on effects. Some companies will test their debt covenant levels.
Key message: In the absence of certainty, we adjust our numbers to reflect 3-months of lost revenue to test robustness.
Key message: In the absence of certainty, we adjust our numbers to reflect 3-months of lost revenue to test robustness.
Key message: In the absence of certainty, we adjust our numbers to reflect 3-months of lost revenue to test robustness.
Key message: In the absence of certainty, we adjust our numbers to reflect 3-months of lost revenue to test robustness.
Key message: The impact of the shutdown has started to significantly impact vehicle sales, and the trend is likely to worsen. Car sales provide a timeous data window for the performance of non-durable goods.
Key message: In the absence of certainty, we adjust our numbers to reflect 3-months of lost revenue to test robustness.
Key message: In the absence of certainty, we adjust our numbers to reflect 3-months of lost revenue to test robustness.