A two month webinar podcast series dedicated to empowering small businesses, bringing experts together in various industries to discuss the topics that matter most to South African small businesses.
There is no need to be alone. For one hour a week we are bringing the real issues to light. Let's start changing things, together.
The small business segment forms the backbone of any economy. According to the World Economic Forum, SMEs contribute around 80% of the African continent’s employment, driving the creation of a new middle class and fueling demand for new goods and services.
Right now, small businesses are being badly injured. This is putting our country at risk, far more than we realize. Beyond the medical threats brought about by the pandemic, our country faces a grave risk of economic collapse.
According to the Daily Maverick:
• One out three SMMEs reduced salaries between 75% and 100%.
• Prolonged lockdown will force 71% of SMMEs to retrench staff.
• Three out of four SMMEs will not survive beyond July 2020 under lockdown.
Imagine the worst-case scenario a few months from now: You go to your local shopping mall. Several shops are empty and deserted. Only a handful of stores in the mall are trading. Inventory has dropped to minimum levels. Cashflow worries on the part of retailers and global logistical slowdowns have badly disrupted the supply of products into our market.
"of relief applications submitted by small businesses to date have been unsuccessful”
Source: CombatCovid survey
The result? The few products on the shelves have tripled in price. Inflation continues to soar. All the products we know and love are on a waitlist. We thought we saw the worst of the lockdown. We didn’t realize that the real pain was about to strike harder than we could guess.
This is not a theoretical hypothesis. This is our likely future. But what do we do? What action do we take?
A lot of people are angry. We get it. We understand how frustrating this has been for everyone. Is the answer to keep fighting?
Yes! But we believe that instead of just fighting “against,” let’s instead fight “for.” The more we fight “against” a system, the more we waste resources and become exhausted. Instead, let’s focus on the clever use of available resources. Let’s band together and fight for the success of small business in South Africa.
Let’s dedicate an hour a week to get together and focus on solutions. We may not have the answers ourselves, but our peers may. We need to outwit this dire situation together as a team. We cannot fight this alone.
It’s time to get practical. We need solutions to inventory challenges, staff issues, tax issues, and cashflow, to name a few. Over 2 months, starting 5 August, we will host one webcast weekly for an hour. We will assemble effective panelists who will lead the conversation and help us in pragmatic ways. Topics will vary but will be relevant to the urgency of the situation. During this web series, we will release a wealth of resources and tools needed by small businesses, right here at this resource center.
"Over the next few months, starting 5 August, we will host one webcast weekly for an hour. We will assemble effective panelists who will lead the conversation and help us in pragmatic ways. Topics will vary but will be relevant to the urgency of the situation. During this web series, we will release a wealth of resources and tools needed by small businesses, right here at this resource center."