Home / Business / Right here’s what number of small South African companies say they are going to shut within the subsequent 12 months: survey

Right here’s what number of small South African companies say they are going to shut within the subsequent 12 months: survey

Enterprise organisation Sakeliga has printed a brand new report how South African firms are dealing with the coronavirus lockdown.

423 respondents participated within the survey which befell from 5 – 9 June because the nation moved to degree Three of its Covid-19 rules.

Companies with fewer than 50 staff accounted for 96% of respondents, whereas roughly 75% of the respondents indicated ten or fewer staff of their firms.

The info exhibits that in June almost eight in ten (77%) of respondents indicated that their firm was allowed to commerce. By comparability solely 5 in ten of respondents stated that they might commerce in Could’s survey.

Nonetheless, almost 17% of respondents nonetheless indicated that their firm was not allowed to commerce in June, whereas 6.4% of respondents stated they had been not sure.

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Barely greater than two out of each ten members indicated that their firm was working at full capability initially of June.

About 5 out of ten indicated that their companies had been buying and selling with restricted operations, whereas about 16% of respondents indicated that their firm wasn’t working as a result of it didn’t make monetary sense to open.

Close 2 - Right here’s what number of small South African companies say they are going to shut within the subsequent 12 months: survey

Closures

Almost 5% of the respondents (about 19 out of 423 respondents) indicated that their companies can be closing down within the subsequent 12 months.

44% of respondents stated they had been not sure about closures within the subsequent 12 months, whereas 52% stated their firm would stay in enterprise.

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Of the 19 respondents who indicated a closure within the subsequent twelve months, 15 (in complete) acknowledged the regulatory response to Covid-19 as a cause for the upcoming closure.

Solely two gave the medical affect of Covid-19 as a cause. An additional two of these 19 respondents indicated different components not associated to Covid-19 as the explanation for the closure.

Close 3 - Right here’s what number of small South African companies say they are going to shut within the subsequent 12 months: survey

In June, 14,2% of respondents believed that the injury attributable to Covid-19 would finally be offset (a slight proportionate enchancment from the 10.3% of respondents in Could).

Nearly 40% of respondents in June indicated that little might be achieved to restrict the injury (improved from 47.6% in Could), whereas 33% indicated the injury can be offset to a restricted extent (a rise from 25.5% in Could).

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“Though a big majority of respondents accordingly nonetheless count on lasting injury to companies, on the face of it we’re as soon as once more seeing a potential barely higher image in June in comparison with the image in Could and April,” Sakeliga stated.

“But the suggestions nonetheless paints a bleak image that appreciable injury has been achieved and should be handled by the related companies.”


Learn: South African startups share their lockdown experiences: some are successful – for others, it’s a battle

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