Small business, big setbacks: worries set in as lockdown looms

How will they recover economically? How do they continue running their businesses? And which businesses, exactly, count as essential services?

According to InvestSA - a division of the government's trade and industry department - the beauty sector employs more than 50,000 people and produces retail revenues of R25bn a year. “My 21-day plan is not to panic and to pause for reflection. I am going to pray to God that this passes,” Lake added.Standard Bank, Nedbank and other banks recently announced that they would allow their small- to medium-sized business clients to take a three-month payment holiday.

“We don’t fall into the categories that Standard Bank has stipulated, but our clients do. I believe that it will benefit the small businesses that use our auditing and accounting services. There is a possibility for a positive future,” said Govender.

Lion_For_Truth Small business that can operate remotely will continue...... They don't all get fat salaries and perks from the taxpayer, like the fatcat government! Don't fck this economy up!

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