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Record W3138452572 · doi:10.5430/ijfr.v12n4p12

Implications of COVID-19 Lockdown on South African Business Sector

2021· article· en· W3138452572 on OpenAlexvenueno aff
Mfundo Mandla Masuku, Nokukhanya N. Jili

Bibliographic record

VenueInternational Journal of Financial Research · 2021
Typearticle
Languageen
FieldEconomics, Econometrics and Finance
TopicCOVID-19 Pandemic Impacts
Canadian institutionsnot available
Fundersnot available
KeywordsSustenanceGovernment (linguistics)PandemicPrivate sectorGross domestic productInformal sectorBusiness sectorSocioeconomic statusEconomic sectorEconomic growthCoronavirus disease 2019 (COVID-19)Development economicsBusinessGeographyEconomyEconomicsPolitical sciencePopulationSociologyDemographyMedicine

Abstract

fetched live from OpenAlex

The COVID-19 pandemic in South Africa spelt untold adversity on many businesses in the country. This is attributable to the precautionary measures implemented by the South African government to contain the ferocious disease spread across various levels in the society. This article examined the many implications of the pandemic on the business sector in South Africa through the period just before June 2020. The article adopted a qualitative approach to critically examine the implications of the COVID-19 pandemic on the business sector in South Africa. It utilised Statistics South Africa’s reports and contemporary literature on the effects of COVID-19 on the business sector which was used as a source of reference. The statistical evidence is based on experimental data for May 2020, as derived from over a thousand registered businesses operating within the formal sector from various industrial groupings in South Africa. The period under review is remarkable because the business's effect of the pandemic became visibly alarming while the lockdown phases were reduced from Level 5 to Level 4 within the period. The private sector of the economy, known for its huge economic sustenance of most of the country’s labour force, was already at the firing line as all ‘nonessential’ businesses succumb to government’s strict regulations on socioeconomic activities during the phased lockdowns. The hitherto struggling economy, barely sustained by this sector, eventually caved in with over half of its gross domestic product, shrinking attributable to the unparalleled adverse effects that attended the dreaded pandemic. Although government is still battling with the nation’s economic recovery process, many businesses counted their losses from the first few months of the lockdown, as portrayed by plentiful evidence from the national statistical body.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.002
metaresearch head score (Gemma)0.023
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesMetaresearch
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Observational · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.616
Threshold uncertainty score0.996

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0020.023
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0010.001
Science and technology studies0.0000.000
Scholarly communication0.0000.000
Open science0.0010.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0010.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.195
GPT teacher head0.404
Teacher spread0.209 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one teacher head, not a consensus.

Study designObservational
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations9
Published2021
Admission routes1
Has abstractyes

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