Triple blow hits businesses in South Africa – Impact on small businesses.
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As interest rates increase to curb rising inflation, coupled with fuel and load shedding, among other challenges – is putting pressure on the profit margins of small businesses in South Africa, says Andiswa Bata, co-head of SME at FNB.
Bata said SMEs have shown resilience by absorbing costs in the short term, but the rising pace of inflation may lead to unstable operating models, leaving some businesses with no choice but to pass on some of these costs to consumers – who are regrettably also struggling to make ends meet.
Bata said SMEs have shown resilience by absorbing costs in the short term, but the rising pace of inflation may lead to unstable operating models, leaving some businesses with no choice but to pass on some of these costs to consumers – who are regrettably also struggling to make ends meet.
