SME confidence on the rise as GNU promises growth
As the nation approached the polls, iKhokha conducted a survey across its national base to learn more about SME confidence in our government. The survey revealed that 76% of SMEs felt government support to be ineffective in promoting small business growth and development.
In May, retail spending fell by 0.7% month-on-month as uncertainty lead to more frugal consumer spending. This downturn was mirrored in the automotive sector, where new car sales saw a 14.2% drop. iKhokha also observed an 8% decrease in SME turnover in May and June as the nation held its collective breathe, watching potential coalition discussions play out in the media, further unsettling South African nerves.
Last month, South Africa breathed a collective sigh of relief and entered a new era of our democracy with the f...