Sorry state of small business the real disaster
The COVID-19 pandemic and subsequent lockdown has taken its toll on everyone, but small businesses have really borne the brunt of the 7% decline in GDP we saw last week. Finfind, in partnership with the Department of Small Business Development, SEDA, Services SETA, Business Leadership South Africa, the Banking Association South Africa, and a host of other partners conducted a study on the impact of lockdown on small business. And it offers insights on ways to better support smes through the recovery phase. Michael Avery spoke to Darlene Menzies, Founder and Chief Innovation Officer at Finfind;Tumi Sefolo, Executive Direct Lending Small Enterprise Finance Agency (SEFA); Muzi Mhlambi, Senior Manager The Banking Association South Africa (BASA); Kantha Naicker, Chairman The South African Institute of Professional Accountants (SAIPA).