Small business owners closing shop and feeling the financial squeeze
Small business owners closing shop and feeling the financial squeeze At the beginning of the lockdown, the government embarked on the difficult task of simultaneously protecting lives and livelihoods during the pandemic, but recent data shows that businesses are still folding. In January, StatsSA announced that the overall number of companies that have been liquidated increased by 20.5% in the fourth quarter of 2020 compared to the same period in 2019. This decline has resulted in a 14.2% year-on-year increase in the number of liquidations. The list of companies that are intending to shut t...
Source: mg.co.za