Since the COVID-19 pandemic, many economies in Africa and around the world are facing inflation levels not seen since the global financial crisis of 2008.
South Africa (SA) in particular, is experiencing significant volatility, with numerous companies exiting the market, some undergoing business rescue, and others being liquidated.
This information comes from the 2024 Deloitte Stability Index (DSI), which serves as an early warning system that detects signs of financial distress in over 400 listed companies across ten African jurisdictions.
To discuss this further, Ken Afrah, Senior Associate Director for Turnaround and Restructuring at Deloitte Africa joined Peter Ndoro.