Four in 10 businesses fear they do not have the funds to survive Covid-19

Four in 10 businesses fear they do not have the funds to survive Covid-19 🔒

SA’s companies are facing an unprecedented battle for survival during the coronavirus crisis that has prompted the virtual closure of the economy.

About 42% of formal sector businesses surveyed by Stats SA said they feared they did not have the financial resources to stay open through the crisis, while the vast majority, more than 85%, have seen their turnover take a hit during the lockdown, which is in its fourth week.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

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