A study undertaken by the Department of Small Business Development (DSBD), in partnership with the United Nations Development Programme (UNDP) in South Africa, on the impact of Covid-19 on micro and informal businesses in South Africa demonstrated the severe negative impact on the micro and informal sector across all industries and demographic groups. The study's findings revealed the difficulties faced by vendors at taxi ranks and train stations in cities that have lost the majority of their customers as fewer people commute to work, hair stylists who were not allowed to work and had been without income for months and business owners who can only make a fraction of their pre-Covid-19 pandemic revenues owing to a decrease in customers, higher costs, international travel bans or event cancellations.
from Engineering News | Home https://ift.tt/3o9z2sy
