The wide-spread of the coronavirus pandemic has disrupted many businesses to shut down permanently, which includes the Sun International casinos (the Carousel and Naledi).
Clothing stores like Edgars and Jet could also shut down after the nation lockdown (read the full article here).
As the country remains on lockdown, Business Insider reports the famed Spur restaurants will not be reopening even after the national lockdown is lifted.
This comes after Cyril Ramaphosa ordered stores (including restaurants, clothing retailers) to close down, leaving only essential services like grocery stores, pharmacies, banks, and filling stations to continue with the business.
The report mentions that
- Other restaurants (Rocomamas and Panarottis) owned by the group will remain closed as long as they face restrictions on the number of customers and the alcohol sale.
- Turnovers dropped over 70%.
- If Spurs do open again, landlords should expect no more than 6% of turnover as a rental payment.
The restaurant hasn’t put out a clear statement on whether they will be opening after the lockdown, just like other restaurants and stores.
source: Business Insider.
In other related news: Ramaphosa announces R500 billion economic package to deal with the impact of coronavirus.