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Business expectancy to survive without revenue due to COVID-19 in South Africa 2020

Eight out of ten businesses in South Africa predicted in April 2020 they could survive up to three months, if the coronavirus would leave them without any form of revenue. This based on response to a survey which asked companies from various industries on the impact of COVID-19. For roughly 30 percent of businesses, the situation was already tense as they said they could survive for maximum one month without any turnover. Furthermore, over half of the respondents said to survive for one to three months without any incoming financial resources, whereas just 6.7 percent mentioned to survive for longer than three months without any turnover.

Expected business survivability without any revenue due to the coronavirus in South Africa as of April 2020

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Source

Release date

May 2020

Region

South Africa

Survey time period

April 14, 2020 to April 30, 2020

Number of respondents

2,182 respondents

Special properties

Businesses operating within various industries in South Africa that are registered for value added tax (VAT)

Method of interview

Questionnaire

Supplementary notes

The source notes the following are excluded: financial intermediation, insurance, pension funding, government, education, and business services ‘not elsewhere classified’.

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Statistics on "Coronavirus (COVID-19) in South Africa"

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