COVID-19 pandemic impact on SMEs
Only 44% of South Africans are Optimistic about the Future of their Business
Sourced from Women in Tech Africa. To lay bare the scale of challenges small businesses are facing during the COVID-19 pandemic, and to understand their ongoing challenges and areas for further support, Facebook published the Global State of Small Business Report. Compiled in partnership with the World Bank and the OECD, it surveyed over 30,000 small business owners and employees from around the world in over 50 countries. In South Africa, the survey reveals that despite the challenges, SMBs are optimistic, but that there is a long-term jobs crisis on our hands. Over 44% of operational SMBs on Facebook feel optimistic about the future of their business, with 42% of female-led SMBs on Facebook (and 66% of male-led SMBs) currently operational or engaging in revenue led activities. /* custom ...
Facebook and Instagram Introduce Gift Card Feature for South African Businesses
Instagram and Facebook are making it a little easier for South Africans to support local businesses in their communities thanks to the new gift card feature. Facebook has created this feature to help local businesses, such as restaurants, fitness studios, salons, bookshops and bakeries as they navigate their way through the COVID-19 pandemic and national lockdown. People can find offers from participating merchants through a “Support Local Businesses” ad in their Facebook feeds, a Gift Card button on merchants’ Instagram profiles or in Stories through the Gift Card sticker. Supporting small businesses and restaurants is an important part of Instagram’s community, which is why Instagram is also launching Food Orders, making it easier for businesses to get support from their customers throug...
