Government needs to do more to ease financial plight of small companies

More than  500 000 more people will be able to return to work soon following the government decision to ease lockdown restrictions, allowing small businesses such as restaurants, travel agents and hairdressers to reopen, but the government needs to do more to ease the financial plight of these companies.

Sage Africa & Middle East executive vice-president Pieter Bensch said on Friday that the months without trade had been extremely challenging for small businesses and their employees, many of whom were already struggling to make ends meet in a weak economy.

“The pandemic has battered consumer income and confidence, so business-as-usual will not resume at the flick of a switch. Many businesses may need ongoing support to pay their bills, keep people employed, and get through this time,” Bensch said.

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