Presenting the findings during a webinar on Wednesday, TIPS economist Thobile Mawelela showed that between 2010 and 2019 the proportion of formal black-owned small businesses was steadily rising at 3% a year.
“These enterprises tend to have less access to financing and less accumulated historical wealth and assets … So the effect was disproportionate for women-owned enterprises, both within the formal and informal sectors, compared to businesses owned by men,” Mawelela said. Gabriel Davel, the chief executive of the Centre for Credit Market Development, presented his findings on how financing can aid small business recovery.Davel looked at how small businesses fared through the 2008 financial crisis, using this to forecast the trajectory of recovery after the Covid-induced economic downturn. “The picture shows some huge warnings — warnings that I don’t think we are taking seriously enough.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Alcohol sales ban a huge blow to industry hard hit by Covid-19 lockdownsBan on liquor sales, and travel to and from Gauteng will hit ailing airlines and restaurants Repeated focus on this angle is just lazy journalism It's fine life first.. at least this time human life is first over the economy.
Source: BDliveSA - 🏆 12. / 63 Read more »