5 South African Businesses That Closed Down Because Of Covid-19

5 South African businesses that closed down due to Covid-19. Since the advent of the Coronavirus late last year, economies have continued to crash, and suffer the terrible and most likely irreversible impact brought about by the pandemic.

South Africa is no exception and several businesses have had to take drastic decisions to deal with the situation. Quite a number of businesses have had to close its doors as well including the following five;

Comair

The owner of kulula.com who is also the local operator of British Airways in South Africa filed for bankruptcy protection during lock-down.

Comair’s business rescue practitioners warned that the airline requires a “substantial” cash injection and that it can only survive if it sells half its planes. Under the most enthusiastic scenario, there will be no flights taking place before November.

Media24 publications

Media24 has closed a number of print publications, and restructured others as the pandemic had detrimental effects on advertising income..

The newspapers Sunday  Sun and Son op Sondag closed, as well as the Eastern Cape edition of Son. The physical editions of Volksblad and Die Burger Oos-Kaap will disappear, and they will be published as weekday digital editions only. A number of community newspapers in KwaZulu-Natal are closed and six others consolidated under three brands. Popular magazines Move!, as well as Men’s Health, Women’s Health, Bicycling, Runner’s World have been closed as well.

Caxton magazines

More magazine casualties could include titles like Bona, Country Life, Essentials, Food & Home, Garden & Home, People, Rooi Rose, Vrouekeur, Woman & Home and Your Family after their publisher Caxton and CTP Publishers & Printers announced that it is “withdrawing” from magazine publishing. Buyers for these titles were sought after and upon failure, will ultimately be closed.

Hout Bay’s Mariner’s Wharf

The harbourfront centre, which opened in 1984 and houses several shops and restaurants, has taken the extremely difficult decision to cease trading until the economy recovers”. Several employees have also been retrenched.

Rebel Tech

The online tech hardware retailer has also closed its doors. The Johannesburg-based company was founded in 2008. “Unfortunately, due to the Covid-19 situation and its subsequent challenges, the cards that were dealt were too much for Rebel Tech to overcome,” the company admitted.