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The lockdowns during the pandemic have devastated SA’s small businesses, and many business owners find themselves looking for a few clever, cost-effective and sure-fire hacks to ensure business growth during the Covid-19 digital economy.
It was feared from the start of the COVID-19 pandemic and lockdown that small and medium sized businesses (SMEs) and entrepreneurs would likely take a huge financial knock. As the backbone of the South African economy and as a key source of employment, this impact would be felt in all sectors of society.
Economic analysts recently reported that by August 2020 as many as half of South African small businesses had closed down due to the national lockdown. A more frightening statistic awaits our economy as, 6 months later, many more find themselves on the threshold of survival as the impact of the lockdown continues to distress small, medium and micro-businesses (SMMEs).
The world certainly looks very different a year later, and nowhere is it more apparent than in the Small, Medium and Micro Enterprises (SMME) space.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?