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The SA SMME Covid-19 Impact Report

The Covid-19 pandemic saw the South African SMME sector face major challenges, with many businesses grappling to stay afloat, while others had to close.

A study by FinFind shows that 42.7% of SMMEs closed during the extended lockdown in South Africa, and that 60% of full time jobs were lost during the first five months of national lockdown.

The study was done in partnership with the Department of Small Business Development, Business Leadership SA, the Banking Association South Africa, the JSE, and SAICA.

The full report and a six page simplified infographic can be downloaded below.