Small business, big problem

SMEs are the lifeblood of any economy. In SA they contribute more than 40% of total GDP and account for nearly 90% of all employment. Eighty20 hopes you feel Local is Lekker, and consider supporting SMEs when you spend this holiday season.

According to StatsSA more than 2,000 businesses liquidated in 2020, and another ~1,000 in the first half of 2021, due to COVID-19. The number of SMMEs in SA declined by 11% in 2020, which led to ~1.5 million jobs lost. With lockdown over and the holiday season around the corner SMMEs have a much needed chance to recover. Support local and get something from a local restaurant; some of our favourites are Pakwaan, Kim Chi, and Scarpetta.
Sources: one, two

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