24/09/2024
https://www.iol.co.za/business-report/economy/smes-in-sa-struggle-with-cash-flow-majority-resort-to-using-personal-funds-cd6ba27b-e329-4388-935a-1ba1389525ec
South African small and medium-sized enterprises (SMEs) are struggling with cash flow, with 72% resorting to personal funds to stay afloat
Reabetswe Motsamai, marketing and communications manager at MakwaIT Technologies said these businesses were already battling existing financial burdens, they were now facing a perfect storm with fuel and electricity costs skyrocketing, the repo rate being at a record high, and the exchange rate rema...