Article provided by Lulalend Survey shows 94% of SME businesses suffered more than a 50% drop in monthly turnover due to COVID-19 pandemic. Rise in eCommerce resulting in more businesses’ models shifting online. SME cash flow vital to improve liquidity ahead of peak season trading. The COVID-19 pandemic and the resulting global recession handed a […]
Article provided by Retail Capital “As a result of the global pandemic, the six months from March to September 2020 saw more digital transformation occur than in the decade prior, according to a technology trends analysis by Forbes. If the urgency to keep pace with the fourth industrial revolution has not kicked in yet, businesses […]
Article provided by Lulalend While South Africa’s economy took a series of blows over the last year, business owners remain confident that things will slowly start to stabilise in 2021. This was reaffirmed with South Africa’s SACCI business confidence index rising to 93.4 in November of 2020 from 92 in October, above pre-pandemic levels. According […]
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Article written by Sophia Misplon (Business Doctors – Dolphin Coast) “Nothing good has ever flourished in stagnant water. Sometimes the Universe – God, the Gods, life itself – turns upside down so that we can get out of our stagnant ways. It is evident that the world at-large was not prepared and agile enough to […]
Article written by Mark Wilson (Chief Executive – EMEA&I On-Par Strategist SYSPRO) The Covid-19 pandemic has brought on massive changes to the manufacturing industry, which has had to adapt to new operating models, an evolving consumer market, and disruptions in supply chain processes, all while keeping the workforce safe and healthy. Integral to the success […]
Article provided by Lulalend In President Cyril Ramaphosa’s address to Parliament on 15 October 2020 regarding South Africa’s Economic Reconstruction and Recovery Plan, he highlighted the importance of Small, Medium and Micro Enterprises (SMMEs) in rebuilding the country’s economy.
Article written by Colin Timmis (General Country Manager – Xero SA) Small and medium enterprises tend to take the hardest knocks in an economic downturn. Nothing illustrates this better than the unravelling impact of COVID-19, which left many SMEs teetering on the edge of collapse. In his 2020 medium-term budget policy speech, finance minister Tito […]
