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Business Impact Survey Of The Covid-19 Pandemic In South Africa

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Business Impact Survey Of The Covid-19 Pandemic In South Africa

Business Impact Survey Of The Covid-19 Pandemic In South Africa

21st April 2020

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Stats SA produced a report on the Business impact survey of the Covid-19 pandemic in South Africa.

The survey covered most sectors of the economy with the exception of agriculture, food and finance.

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Key results

  • The majority of responding businesses (85,4%) reported turnover below the normal range.
  • 46,4% indicated temporary closure or paused trading activity.
  • 50,4% expected their workforce size to stay the same in the two weeks after the survey, while 36,8% reported that their workforce size is expected to decrease.
  • 28,3% indicated that their workforce has decreased working hours and 19,6% reported laying off of staff in the short term.
  • 19,1% indicated that prices of materials, goods or services purchased increased more than normal.
  • Access to financial resources: 23,8% indicated a decrease while 52,6% indicated access to financial resources remained the same.
  • 38,2% of businesses applying for financial assistance reported that they would use government relief schemes.
  • 30,6% indicated they can survive less than a month without any turnover, while 54,0% can survive between 1 and 3 months.
  • 46,3% of the workforce were able to meet business demands, and 43,0% of the workforce were not able to meet business demands (the rest reported ‘unsure’).

Report by Stats SA

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