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The World Wide Worx Online Retail Report: Everything SMEs should know
Get key insights from the latest World Wide Worx report, sponsored by Peach Payments and Mastercard The 2023 World Wide Worx Online Retail report, sponsored by Peach Payments and Mastercard, was launched earlier in May. It covers a wide variety of topics in online retail from payment methods to marketing, and it’s packed with some…

PRESS RELEASES

Xero calls for greater support for small businesses, in spite of growth 

Two-thirds of South African small businesses report growth, with plans to invest in tech, skills and wellbeing. 

South African small businesses are feeling positive about the future, but need more support to tackle ongoing challenges, Xero’s 2024 State of Small Business Report reveals.  

The top barriers facing small businesses this year are political and economic instability (55%), persistent loadshedding (50%), lack of government support (49%), and access to funding (26%). However, 87% of small businesses are optimistic about their 2024 outlook - a 6% increase from last year - and nearly three-quarters (73%) have grown over the past 12 months.  

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