Covid-19 will be deadly to small businesses

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As the virus continues to hit in an environment that has already seen a sharp rise in insolvencies over the past year, Nafcoc expects the coming months to be particularly tough on the country’s small businesses.

As the virus continues to hit in an environment that has already seen a sharp rise in insolvencies over the past year, Mosena said that Nafcoc expected the coming months to be particularly tough on the country’s small businesses.

Early last week, Nafcoc deployed its leaders to all nine provinces to assist struggling businesses and entrepreneurs. The organisation was “working with bosses who expect their maids to come in every morning using taxis” and asking these employers to tell their staff to stay at home but still pay them. “It is easy for them to catch the disease in the taxi. Think about those who take three to four taxis to work – they will be exposed,” said Mosena.

“South African Airways’ R16.4 billion bailout should be cancelled immediately and the budget amended to allocate this money to disaster management,” Steenhuisen said.

 

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