At the beginning of the lockdown, the government embarked on the difficult task of simultaneously protecting lives and livelihoods during the pandemic, but recent data shows that businesses are still folding. announced that the overall number of companies that have been liquidated increased by 20.5% in the fourth quarter of 2020 compared to the same period in 2019.. The list of companies that are intending to shut their doors permanently is also growing.
Zietsman says she is usually able to drag herself out of a tight corner. “But, yoh, it felt like I was completely overwhelmed, and I am not going to be able to get out of this dark hole at all.” “Now it’s almost worse for me than it was with the first lockdown. Because until now, I managed to fight to stay standing. But now there is no relief anymore. There’s nothing.”In August last year entrepreneur Sidwell Phutheho had to close down his Anat restaurant franchisee in Melrose, Johannesburg.
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