Undoubtedly, emerging market investors face the prospect of ongoing challenges, many extrinsic to developed markets – and not least at this point in time. The World Economic Forum, in a recent survey, concluded that 38% of risk analysts fear economic collapse in developed markets, due to the blanket effects of Covid-19.
With startling figures emerging about the contraction of the UK economy as a result of the lockdown implemented to limit Covid-19 infections, many businesses will be facing the toughest times in many years. According to the Office for National Statistics, the economy shrank during April by as much as 20,4%, April being the month in which the tightest lockdown regulations applied.
Cape Town based e-commerce fashion retailer RunwaySale says it has received an investment of R100 million from international private equity firm, SPEAR Capital.