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President Cyril Ramaphosa announced the Economic Reconstruction and Recovery Plan in Parliament yesterday. While the plan offers little new information to save our economy from complete destruction, there is nothing new for entrepreneurs and small businesses to take heart from. South Africa and its economy, like the rest of the world, face unprecedented times as a result of Covid-19. This situation is not a normal economic downturn, and we cannot address an abnormal economic cycle…

By Ian Fuhr, Founder of The Hatch Institute Johannesburg – South African companies continue to battle the COVID-19 storm and retrenchments, short weeks, and reduced salaries are widespread as businesses attempt to cut costs to stop the bleeding. Here’s the biggest problem with these survival tactics. The traditional focus on the bottom line and cost-cutting wasn’t working before this pandemic, and COVID-19 has shone a spotlight on the inequalities of our country. If we continue down…

Hennie Ferreira weighs in on the way forward for small businesses and entrepreneurs after the 21-day nationwide lockdown. We need to go back to the drawing board. We need lockdown lite. As it stands, we officially have 1845 infections, 18 deaths and we have conducted 63 776 tests. COVID-19 is a global health crisis, forcing the world to re-evaluate the way we conduct our lives and business.  South Africa has been praised for its reaction…

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