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· Nearly eight in ten (77%) indicated that their company was allowed to trade in June as against only five in ten of respondents , who could trade in the May survey
· Nearly 5% of the respondents said that their businesses would be closing down in the next 12 months. Yet, more than 44% of respondents said they were unsure about closures in the next 12 months, while 52% said their company would remain in business
Sakeliga, a business organization has published a new report based on a survey to gauge how South African companies are coping with the coronavirus lockdown. A total of 423 respondents participated in the survey which took place between 5 and 9 June.
Businesses with fewer than 50 employees accounted for 96% of respondents of the survey. Close to 75% of the surveyed people indicated that the companies had ten or fewer employees in their companies.
Nearly eight in ten (77%) indicated that their company was allowed to trade in June as against only five in ten of respondents , who could trade in the May survey. Nearly 17% of respondents said that their company was not allowed to trade in June, while 6.4% of respondents said they were unsure. More than two out of every ten participants indicated that their company was operating at full capacity at the beginning of June. However, five out of ten indicated that their businesses were trading with limited operations. About 16% of respondents indicated that their company wasn’t operating because it didn’t make financial sense to open.
Nearly 5% of the respondents said that their businesses would be closing down in the next 12 months. Yet, more than 44% of respondents said they were unsure about closures in the next 12 months, while 52% said their company would remain in business. Of the respondents who indicated closure in the next twelve months, a majority of them
stated the regulatory response to Covid-19 as a reason for the upcoming closure. However, two gave the medical impact of Covid-19 as a reason.
In June, 14.2% of respondents believed that the damage due to Covid-19 would eventually be offset. Over 40% of respondents in June indicated that little could be done to limit the damage (improved from 47.6% in May), while 33% indicated the damage would be offset to a limited extent
