WATCH LIVE | How to save SA’s SMEs during lockdown
Join the Business Day SME Matters discussion online on May 19 at 10am
Click to watch the live session from 10am on Tuesday May 19
As if small businesses and entrepreneurs in SA had not already been sufficiently challenged by the pre-Covid-19 state of the economy, the lockdown has added to their woes.
In SA, about 525,000 formal small and medium-sized enterprises (SMEs) employ nearly 6.6m people — or more than 11% of the population. That is a huge reason for the government and private sector institutions to support SMEs.
During the lockdown, small businesses started to feel the pinch early on. Cash flow and investment funding are in short supply. Owners have been unable to pay rent, cover utility bills or support their workers.
In March this year, the government announced a R200bn loan scheme with banks and a R2bn support package for SMEs. Together with the CEO Initiative's SA SME Fund in the private sector, public/private collaborations are looking to solve some of the most pressing challenges now facing business owners.
Watch live online
To understand how to apply for access to these support funds, watch our online Business Day SME Matters discussion with speaker and author Dominic Gaobepe and SA Chamber of Commerce and Industry president Adv Mtho Xulu. They’ll also share resilience and recovery strategies that can be practically applied in business.
Date: May 19 2020
Time: 10am to 10.30am
More about this event
The Business Day SME Matters digital series is a brand- extension of the annual Business Day TV SME Summit that provides an opportunity for small-business owners, entrepreneurs, incubators, franchisers, investors and suppliers to the SME sector to come together and engage experts in business, technology, marketing and investment. It’s where SA’s leading entrepreneurs and business personalities share their knowledge and insights to help small businesses grow and stay ahead of the pack.