Small, medium-sized and microenterprises (SMMEs) employing one to ten people represent 72% of the businesses that have approached nonprofit the Covid-19 Business Rescue Initiative (Cobra) for business rescue support, advice and assistance since March 2020. Its data also reveals that SMMEs based in Gauteng, the Western Cape and KwaZulu-Natal have been the hardest hit by Covid-19 and the impact of consequent lockdowns on economic activity.
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