LEA snap survey finds SMMEs crumbling from COVID-19

The same survey found that of the 382 enterprises in the survey sample, monthly revenues had declined by an average of 47%. The 382 enterprises surveyed collectively employ about 2,669 people and had a total commercial loan balance of P130 million.

LEA Head of Corporate Affairs and Market Access, Boikhutso Kgamanyane told BusinessWeek that the 142 enterprises that remained operational faced challenges of importation of raw materials and inability to pay fixed costs, which include rent, salaries and loans to mention a few.