Save your local: Calling on South Africans to help save local small businesses
JOHANNESBURG –
According to Statistics South Africa, 30 percent of all businesses say they do not have enough revenue to last more than one month of lockdown.
According to Statistics South Africa, 30 percent of all businesses say they do not have enough revenue to last more than one month of lockdown.
This is even more pressing amongst small businesses, of which 73 percent warn that they will not survive a lockdown that lasts longer than three months.
With companies in the entertainment, food and tourism sectors ordered to close, and customers required to stay home, many are facing closure with some 53% of these businesses already preparing to retrench staff members.
Source: iol.co.za