Tardy payment is killing SMEs and jobs

While the government reacted swiftly with debt relief, the chaos that followed delayed the promise and potential of the relief

29 November 2020 - 00:09 By BRYAN HATTINGH

It will be years before we fully understand the economic impact of the coronavirus, but one thing is painfully clear right now: small businesses across the country are facing an existential threat.

According to a report by TransUnion in July, 90% of small businesses in SA are struggling or have temporarily closed because of Covid-19. Just 9% reported that they were operating as normal and fewer than 1% of businesses said they were thriving...

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