Big increase in business insolvencies in South Africa

[BusinessTech]

Big increase in business insolvencies in South Africa

Statistics South Africa has published its latest report on liquidations and insolvencies, with the data showing a significant increase in business insolvencies over a period marred by looting and tougher lockdown restrictions.

 

[sand_man]

Getting impossible to run a small business in SA! Frequent power cuts, water cuts, increasing input costs, unionized labour force and increased labour costs, political instability and unrest etc etc etc

It's a flipping nightmare!

 

[konfab]

I bet Wakanda never needed racist things like private businesses.

 

[Lupus]

Getting impossible to run a small business in SA! Frequent power cuts, water cuts, increasing input costs, unionized labour force and increased labour costs, political instability and unrest etc etc etc

It's a flipping nightmare!

Yup with petrol said to rise again, as oil prices are a lot higher then they've been for awhile.

 

[ToxicBunny]

I bet Wakanda never needed racist things like private businesses.

Wakanda needs nothing, no power, no water, no nothing.. its just awesome.

 

[konfab]

Wakanda needs nothing, no power, no water, no nothing.. its just awesome.

Needs vibranium fam. With vibranium, you can do anything the plot needs it to do.

 

[Fulcrum29]

Lockdown destabilised my small business, but it is also in part due to a risk I have taken prior to the pandemic. Big business came swooping in, pecking order and all that. I know people who are still working on renegotiated salaries.

I am surprised how many people I know in IT whom are taking their 'online' businesses overseas. All I can say is, I hope it works out.

From my view, SA has become incredibly predatory since lockdown, and some people still use lockdown as an excuse.

Not going into the nitty-gritty.

 

[grok]

From my view, SA has become incredibly predatory since lockdown, and some people still use lockdown as an excuse.

Have you noticed the increased violins the last few days? Predatory is exactly the right word..

 

[Neuk_]

Yup with petrol said to rise again, as oil prices are a lot higher then they've been for awhile.

And didn't the Dollar strengthen recently as well? I am less concerned about petrol price than I am about diesel price though.

 

[dualmeister]

So sad to walk around the V@A Waterfront and see how many restaurants have closed down

 

[jambai]

So sad to walk around the V@A Waterfront and see how many restaurants have closed down

and camps bay ..but the woke have some how thought it better to lockdown for a virus than be employed

 

[Lupus]

And didn't the Dollar strengthen recently as well? I am less concerned about petrol price than I am about diesel price though.

That it did