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
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 South Africa. (May 14, 2020). Expected business survivability without any revenue due to the coronavirus in South Africa as of April 2020 [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1118655/business-expectancy-to-survive-without-revenue-due-to-covid-19-in-south-africa/
Statistics South Africa. "Expected business survivability without any revenue due to the coronavirus in South Africa as of April 2020." Chart. May 14, 2020. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1118655/business-expectancy-to-survive-without-revenue-due-to-covid-19-in-south-africa/
Statistics South Africa. (2020). Expected business survivability without any revenue due to the coronavirus in South Africa as of April 2020. Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1118655/business-expectancy-to-survive-without-revenue-due-to-covid-19-in-south-africa/
Statistics South Africa. "Expected Business Survivability without Any Revenue Due to The Coronavirus in South Africa as of April 2020." Statista, Statista Inc., 14 May 2020, https://www.statista.com/statistics/1118655/business-expectancy-to-survive-without-revenue-due-to-covid-19-in-south-africa/
Statistics South Africa, Expected business survivability without any revenue due to the coronavirus in South Africa as of April 2020 Statista, https://www.statista.com/statistics/1118655/business-expectancy-to-survive-without-revenue-due-to-covid-19-in-south-africa/ (last visited November 22, 2024)
Expected business survivability without any revenue due to the coronavirus in South Africa as of April 2020 [Graph], Statistics South Africa, May 14, 2020. [Online]. Available: https://www.statista.com/statistics/1118655/business-expectancy-to-survive-without-revenue-due-to-covid-19-in-south-africa/
