Small Business Institute joins list urging government to allow businesses to reopen
CAPE TOWN –
The Small Business Institute (SBI) yesterday joined a growing list of organisations that have urged the government to allow small businesses to reopen.
The Small Business Institute (SBI) yesterday joined a growing list of organisations that have urged the government to allow small businesses to reopen.
Most small firms, from luxury goods stores in the biggest shopping centres to small businesses in townships, have been disallowed to trade during Phase 4 of the National Lockdown.
Small and medium enterprises make up 98.5 percent of the number of companies in South Africa, but many have closed for good through the lockdown, or will do so in the near future, due to capital constraints, and having to pay rent, salaries and other costs despite not being able to trade, and the fact that many of these firms were already struggling in the recession prior to the Covid-19 pandemic.
Source: iol.co.za
