MegaBanner-Right

LeaderBoad-Right

LeaderBoard-Left

Home ยป Featured IND ยป Too little too late for small businesses

Too little too late for small businesses

The Presidentโ€™s announcement indicated a move from Level 4 to Level 3 at the end of May 2020 for most of South Africa, except the hotspots. Cape Town and Johannesburg, the two dominant areas for small businesses are firmly in the Covid-19 red zones, therefore uncertainty remains in these areas.

Even at Level 3, 75% of small businesses still have enormous restrictions on rights. During the course of May 2020, possibly more parts of retail will be opened up, the retail sector being the biggest employer. E-commerce restrictions are also likely to be removed.

โ€œYou cannot improve the health and well-being of a nation by making your country poorer, this has never being achieved by any country.ย The threat to small businesses and the livelihoods because of job losses in this sector and increased poverty is far greater than the threat to lives as result of anything elseโ€. –ย Mike Anderson: National Small Business Chamber (NSBC) Founder & CEO.

The latest announcements were too little, too late for many small businesses. A continued lockdown with no end in sight is not in the best interests of the small business sector and the economy. Small businesses need more direction and assurance so that they can plan and prepare.

โ€œThe recently launchedย COVID-19 Small Business Relief and Recovery Centre, powered by the NSBC isย to help small businesses by doing whatever we can to take their pain away during this crisis and then to bring them back way after the pandemic has subsided. This could be yearsโ€,ย says Anderson.

โ€œSmall businesses are vital economic engines. A flourishing small business sector is the future of job creation. We have to ensure that we bridge businesses through these trying times. Our goal is to make sure businesses stay in business and that we keep workers employedโ€, notes Anderson.

โ€œOur plea to the mercurial job creators within the small business sector throughout the nation is to hang in there.ย  You are resilient and courageous and you must believe that you will triumph and come out stronger. Now is the time to stay calm, be positive, adapt, learn new things and try new things. Like Winston Churchill said, โ€œIf you are going through hell, keep goingโ€, so donโ€™t give-up, you will be OK. The NSBC will keep fighting the good fight to get you back into business and help you to prosper; we ask you to keep fighting tooโ€, concludes Anderson.

To enquire about Cape Business News' digital marketing options please contact sales@cbn.co.za

Related articles

How we can survive the knowledge cliff and silent de-industrialisation of the South African factory floor

How we can survive the knowledge cliff and silent de-industrialisation of the South African factory floor By Merel van der Lei, CEO of Wyzetalk South Africaโ€™s...

Fuel has become a fault line in construction

Fuel has become a fault line in construction Morag Evans, CEO of Databuild At the beginning of the year, there was cautious optimism that the construction...

MUST READ

Zimi EV charging targets commercial fleets for growth in South Africa

Zimi EV charging targets commercial fleets for growth in South Africa By Larry Claasen STELLENBOSCH -based EV charging company Zimi is bypassing the consumer market to...

RECOMMENDED

Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.