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Dec 22, 2020 Experian South Africa’s latest Business Default Index (BDI) improved sharply in Q3 rising from its extremely depressed level of -3.728 in Q2, to -1.402 in Q3. According to Jaco van Jaarsveldt, chief decision analytics officer at Experian Africa, the Covid-19 pandemic and its impact on economic activity as a result of the lockdown, played a significant role in bringing about a deterioration in the BDI in previous quarters, but by Q3, far more business activity was being conducted than in Q2. “During Q2, both international and domestic economies were heavily locked down in an effort to quell the spread of COVID-19. This meant that many sectors saw activity declining by between 50% and 100% through the course of April specifically. From May onwards, some of the lockdown restrictions gradually came to be lifted, which benefitted Q3 greatly.

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