Tag: COVID-19 Small Business Relief and Recovery Centre
Impact investment needs to be measured to be sustainable
The South African corporate sector invests millions each year to support community development and social programmes. Many corporates, however, often lack the tools to measure and report on the impact of these initiatives. Often organisations report on the actions taken, input and investment rather than the outcomes.
Changes to the COVID-19 Guaranteed Loan Scheme for distressed businesses
High on the agenda of Finance Minister Tito Mboweni’s supplementary budget speech on Wednesday 24 June was the need to support the economy as it gradually reopens as well as to get businesses moving again. Notably, Mboweni announced amendments to the COVID-19 guaranteed loan scheme that was introduced at the beginning of lockdown, offering some relief to struggling businesses.
Rebuilding small businesses after COVID-19
The COVID-19 pandemic has wreaked financial havoc throughout the nation, leaving many small business owners struggling in its wake. According to our research, 86% of small businesses said they had suffered negative effects as a result of the pandemic and only 14% of small business owners said they had experienced limited effects.
