‘We have a situation where foreigners have been vaccinated but are not allowed to travel to countries whose populations are not yet vaccinated. We hope to see a major rebound of the inbound tourism sector once more South Africans have been vaccinated.’
“People doing more and more e-commerce based shopping rather than risking going out to brick-and-mortar stores. So, retailers, commercial real estate, etc continue to be negatively impacted by the slow rollout of vaccinations.’Cobra has recently released a study looking at the impact of the Covid-19 on small-to-medium enterprises . It found that 72% of SMEs were seeking business rescue in South Africa.
According to Business Unity South Africa , SMEs employ 47% of our local workforce and contribute more than 20% to our country’s gross domestic product .
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