As we approach the anniversary of South Africa’s lockdown and State of Disaster declaration, it’s important to look back on the destruction that COVID-19 has brought about directly and indirectly through lockdowns.
While many SMEs have been able to turn their business around or at the very least get it up-right, many more are starting to feel the longer term effects of the hard lockdown.
This is according Business Partners Limited’s SME Index from Q4 2020.
In this quarterly survey, 75 percent of respondents said that the festive season had been quieter than usual while 71 percent of respondents noted that the pandemic had negatively impacted their business confidence for 2021.
Nowhere is this sentiment more visible than in the…