Podcast 1: SME challenges
We’re presently dealing with a nationwide pandemic that’s altering how we do issues and forcing us to adapt to the “new regular”, the place enterprise just isn’t traditional in any respect anymore. With a powerful deal with social distancing to include the outbreak of Covid-19, this and different necessary precaution measures are closely impacting the output of companies throughout the spectrum. It’s, nevertheless, the smaller enterprises which have finally felt it essentially the most.
The truth is that as a rustic, we should stand collectively in solidarity and cling to authorities’s measures to make sure the security of workers and clients. We all know nevertheless, that that is placing immense strain on small companies, which at the moment are pressured to adapt underneath already making an attempt circumstances. What’s going to assist this momentary transition is contemplating instruments that can assist this transition and preserve the continuity of enterprise operations.
Because the lockdown restrictions are slowly lifted and a few small companies begin operations, Simone Cooper, Head of Enterprise Banking at Customary Financial institution Group, offers a few of her finest recommendations on how small companies can survive in what continues to be a tricky financial local weather for all.
Podcast 2: The altering enterprise panorama
South African companies want to arrange and brace themselves for a extremely difficult interval forward because the Coronavirus pandemic has disrupted day-to-day life and commerce. This follows President Cyril Ramaphosa and his Cupboard’s bulletins of a set of daring measures to halt the unfold of Covid-19 in South Africa, together with journey bans, faculty closures and limits to the scale of public gatherings.
Though some measures had been welcome and performed an enormous half in saving quite a lot of lives and defending essentially the most weak, the destructive affect they’ve had on enterprise is simple. The lockdown has had an affect on numerous sectors because the demand aspect of the economic system has gone down. There’s additionally uncertainty round sure insurance policies and whether or not they really serve the companies they had been meant to.
As we see lockdown restrictions slowly being lifted, Craig Polkinghorne, Head of Business Banking at Customary Financial institution Group, offers perception on what we are able to count on the enterprise panorama to appear to be submit lockdown.
Podcast three: Sectors most exhausting hit
Amid efforts by authorities and the medical sector to mitigate the well being affect of the Covid-pandemic, many industrial enterprises are having to vary how they do enterprise, because the financial results of the Coronavirus proceed to manifest.
Inevitably, there are some sectors which have skilled adversarial negative effects from what the continued lockdown. These sectors embody tourism, eating, commerce and air journey. As a result of lockdown laws, sectors reminiscent of these have been deemed to be non-essential because it was felt continued exercise might improve the unfold of the virus.
Companies in these sectors must ask themselves questions reminiscent of: what can we do to optimise demand as lockdown laws proceed to ease? How do I put together my enterprise for when one thing just like this happens once more? Hearken to Craig Polkinghorne discuss to those considerations and extra on this episode, specializing in sectors exhausting hit by Covid-19.
Podcast four: Enterprise sectors most in danger and the way they’ll recuperate
The varied enterprise sectors in South Africa have skilled the consequences of the lockdown in a different way. There are these which can be, happily, in a powerful sufficient place to make it out of this era in good condition, and those that don’t stand an opportunity and require important interventions from the banks and authorities.
As a financial institution, one of many roles we now have to play at the moment is to be proactive and ask ourselves how we are able to present up for the companies we all know are struggling and can proceed to for the foreseeable future. For this reason we additionally introduced a lot of measures when the lockdown started and proceed to increase a serving to hand to companies which can be most in danger.
On this episode, Craig Polkinghorne discusses how sectors which can be most in danger can recuperate and regulate to what’s going to be a brand new approach of doing enterprise.