Transnet CEO Portia Derby warned on Wednesday that the recovery from the Covid-19 pandemic in South Africa and the rest of Africa was likely to be negatively affected by still-subdued commodity prices and the serious deterioration in public finances across the continent, which had resulted in surging debt and currency volatility. Speaking during a South African Transport Conference webinar, Derby expressed deep skepticism over the likelihood of a strong economic rebound in 2021, arguing that such a recovery was unlikely until a safe vaccine had been administered globally on a mass scale.
