, said the steps the monetary policy committee has taken to reduce rates could not be felt at the time because the economy was in lockdown. He said that since the lockdown has been relaxed, the effects of reductions should trickle down into the economy.into the economy last year. However, companies seem to be struggling.
Last year Stats SA recorded 134 voluntary liquidations. This was an increase from the 122 the previous year.
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Please explain WHAT measures government has taken to assist businesses? I am unaware of any covid assistance to business.