JOHANNESBURG - Half of all small and medium-sized businesses are at risk of not surviving the next 12 months.
That’s according to the latest Small Business Growth Index.
It's a new survey from Absa, SACCI and UNISA's Bureau of Market Research.
According to UNISA’s Bureau of Market Research's Professor Carl Van Aardt businesses reported to be in a vulnerable state due to the economic environment which is not conducive for them.
He says businesses have to bare a lot of regulations, red tapes and issues with access to finance which add to their burden and ability to survive.
Despite this, many still plan to expand their operations and adopt new technologies.