Tag: Ignus Kempen

According to a recent National Small Business Chamber (NSBC) poll, 86% of small businesses in South Africa said they had suffered negative effects as a result of the Coronavirus pandemic. And as the economy gradually begins to open up again, every small business owner will be looking critically at their business and creating a business continuity plan.

For most South African SMEs already contending with a contracting economy, the additional shocks from COVID-19 have placed further pressure on their operations. For some, this may not be a bridge too far as analysts at Sasfin are predicting that around 60% of SMEs may close before the crisis is over.