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COVID-19

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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…

The Minister for Small Business Development, Ms Khumbudzo Ntshavheni announces the second-wave of support for informal, micro and small enterprises including cooperatives based in townships and villages, in addition to the Spaza Support Scheme. The dedicated support programmes for township and village-based enterprises are in line with the Department’s Township and Rural Entrepreneurship Programme (TREP) that was approved by Cabinet in February 2020. “With the re-opening of the economy, the township and village economies require…

As South Africa commenced its national 21-day lockdown period on Friday, 27 March 2020, Workshop17 is uniting during these very trying times behind the SME community, as the backbone of the country’s economy, and calling on the country to support entrepreneurs and local small businesses in the formal and informal sectors and their employees who may face an uncertain future. “The global COVID-19 crisis is a bolt out of the blue for us all with…

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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