Metro FM: The Hot Box with guest John Dludlu
The coronavirus pandemic has caused serious and sever economic devastation.
The ensuing national lockdown has seen one in five businesses in the country laying off staff and a third of businesses working reduced hours.
A special survey carried out by Statistics SA on the business impact of the pandemic in South Africa also found that 30.6% of the polled businesses said they could only survive less than a month without revenue, while a further 50% said they could survive between one to three months without revenue.
A total of 85.4% of respondents in the survey reported turnover below the normal range over the period, 36.8% expected to reduce their workforce after the lockdown, while 50.4% anticipated unchanged job numbers.
A total of 707 businesses across the country responded to the survey, conducted from March 30 to April 13, which outlined the pandemic’s impact on turnover, trading, the workforce, imports and exports, purchases, prices and business survival.
by Metro Fm – https://iono.fm/e/856321