Coronavirus lockdown: How will small business survive?
The measures that have been put in place by government are exceptional in their goals.
But how high should our hopes be that they will really protect small businesses?
We clearly do not have the resources other countries have. Within the constraints of our own economy and with the donations of these two families and others we are at least talking of a few billion rand to mitigate the impact on small businesses. But we should acknowledge that that's a lot better than we probably could have expected of a country that has been ravaged by state capture. What bad timing for us to face a crisis just after everything that could be stolen has been stolen from our country.Bernard Swanepoel, executive director - Small Business Institute
Clearly big business is talking a good talk, but this is the same big business we have been begging to pay their suppliers and small businesses on time. I think now we are not asking them to pay on time, but to pay them early.Bernard Swanepoel, executive director - Small Business Institute
Obviously this is not only pointing fingers. Small business need to rethink their business model. They also need to rethink their dependency on big business and government. As individuals, what can we do? What can I do as a person to make another small business survive?Bernard Swanepoel, executive director - Small Business Institute
How can I pay my Pilates teacher although she may not be able to teach me in a class? How can we all pay our crew at home - our domestic service people, our pool people? This is where each and every one of us can make a difference.
Listen to the sound clip below.
Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning.
This article first appeared on 702 : Coronavirus lockdown: How will small business survive?
Consumer journalist Wendy Knowler investigates which companies are meeting their customers’ needs on social media.Read More
Theatres across the world have gone dark, but you can still support and watch the arts while at homeRead More
Bruce Whitfield interviews Richard Friedland, CEO at Netcare – owner of the hospital at the epicentre of KZN’s Covid-19 outbreak.Read More
Tiger Brands CEO Noel Doyle assures South Africans that there are sufficient supplies of most of the company's products.Read More
Certified financial planner Kobus Kühn has compared what various companies, long-term insurers, and medical schemes are offering.Read More
Bruce Whitfield and comedian John Vlismas share a few Covid-19 jokes and discuss the launch of the virtual comedy club.Read More
SA Tourism is hosting webinars open to everyone interested in reshaping and reinventing tourism post lockdown.Read More
The Reserve Bank has released recent directives to bring debt relief to the banking sector explains Reserve Bank's Unathi Kamlana.Read More
The Money Show’s Bruce Whitifield interviews EOH CEO Stephen Van Coller.Read More
“There can be up to 100% off the rental in April and potentially even in May,” says Estienne de Klerk (Property Industry Group).Read More