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.