Top Tweets for #YocoSmallBizRecovery
"Those that managed to change their business models and re-open again have done perhaps better than we expected in many respects."
Matt Brownell, Head of Brand Marketing - Yoco
#YocoSmallBizRecovery
https://t.co/czFm9FCgFX
This is HOW lockdown has affected small businesses in South Africa across these sectors;
- Retail π
- Food, Drink & Hospitality π₯
- Healthcare, Beauty & Fitness π₯
#YocoSmallBizRecovery
The impact of Lockdown on South African small businesses in one graph. #YocoSmallBizRecovery
After a very sluggish recovery throughout the year, Food, Drink & Hospitality sector showed promise throughout the festive period with distinct spikes in the lead up to the end of year period. #YocoSmallBizRecovery
This is HOW lockdown has affected small businesses in South Africa across these sectors;
- Retail π
- Food, Drink & Hospitality π₯
- Healthcare, Beauty & Fitness π₯
#YocoSmallBizRecovery
The Small Business turnover index shows how #COVID19 has affected the turnover of small businesses in South Africa.
Check out the full report & data from the last 10 months here: https://t.co/Ej2inB4IKc #YocoSmallBizRecovery (Best viewed on desktop/tablet)
Letβs talk numbers! POLL: Which small business sector do you think improved the most during this past festive season? #YocoSmallBizRecovery
There are 4 provinces which are back at pre-COVID levels of turnover. All other provinces are now above 80% of pre-COVID levels, with the Western Cape lagging behind at 70%
#YocoSmallBizRecovery
Total turnover during Level 2 did not shift significantly, driven by:
- The negative impact of loadshedding
- Flat turnover in the Health/Beauty & Retail industries over the last 2 weeks, as they struggle with ongoing reduced footfall and consumer spending
#YocoSmallBizRecovery
As expected, the biggest impact has been in the hospitality industry. Turnover has increased by 18% since Level 2, and is back at 76% of pre-COVID levels.
#YocoSmallBizRecovery
[THREAD]: How has Lockdown Level 2 affected small businesses?
βThe move to Level 2 and unbanning of alcohol and cigarettes has improved total SME turnover by 9%.β - @carlwazen with @JoanneGJoseph on @radio702
#YocoSmallBizRecovery
![Yoco_ZA's tweet photo. [THREAD]: How has Lockdown Level 2 affected small businesses?
βThe move to Level 2 and unbanning of alcohol and cigarettes has improved total SME turnover by 9%.β - @carlwazen with @JoanneGJoseph on @radio702
#YocoSmallBizRecovery](https://pbs.twimg.com/ad_img/1298989960385581059/lDhB3HRb?format=png&name=orig)
Most provinces show good improvements, with Northern Cape, North West and Limpopo at over 100% of pre-COVID SME turnover. The Western Cape remains behind at 61% of pre-COVID levels.
Despite an increase in COVID cases, Gauteng is stable at 73% week to week #YocoSmallBizRecovery
Why do you think the Food, Drink & Hospitality industry is lagging behind in terms of small business recovery, with an average SME turnover at 53% of pre-COVID levels? #YocoSmallBizRecovery
The Retail and Health & Beauty industries show good momentum, with SME turnover at 84% and 78% of pre-COVID levels.
The Food & Drink industry is the most fragile at an average of 53% #YocoSmallBizRecovery
[THREAD]: How is lockdown affecting small businesses?
1 month into Level 3, weekly SME turnover is at an average of 72% vs pre-COVID levels
This is driven by increased trade on weekends and the Health & Beauty industry reopening under advanced regulations #YocoSmallBizRecovery
![Yoco_ZA's tweet photo. [THREAD]: How is lockdown affecting small businesses?
1 month into Level 3, weekly SME turnover is at an average of 72% vs pre-COVID levels
This is driven by increased trade on weekends and the Health & Beauty industry reopening under advanced regulations #YocoSmallBizRecovery](https://pbs.twimg.com/ad_img/1281583064003555328/2zluUwwU?format=png&name=orig)
The increase was due to a spike in turnover for the Health & Beauty industry, driven by hairdressers, barbers and spas.
In one week this sector increased from 40% to 70% of pre-COVID levels, as regulation allowed re-opening for the first time since March #YocoSmallBizRecovery
[THREAD]: COVID-19's impact on SMEs as discussed by @carlwazen with @LiaboSetho on @sabcnews todayπ
The past 7 days have seen the biggest positive movement since the start of lockdown, with total SME turnover increasing from 55% to 70% (+15%).
#YocoSmallBizRecovery
![Yoco_ZA's tweet photo. [THREAD]: COVID-19's impact on SMEs as discussed by @carlwazen with @LiaboSetho on @sabcnews todayπ
The past 7 days have seen the biggest positive movement since the start of lockdown, with total SME turnover increasing from 55% to 70% (+15%).
#YocoSmallBizRecovery](https://pbs.twimg.com/ad_img/1279020397221027840/l5ViorcK?format=png&name=orig)
Provincial improvements were driven by significant increases in SME turnover in the North West (+17%), KZN (+4%), and the Eastern Cape (+3%). All provinces besides the Western Cape remain at least half way back to recovery #YocoSmallBizRecovery
Weekdays have seen good increases in the Health/Beauty and Fitness industries, with turnover back to 70% of pre-COVID levels. There have been large spikes since the move to advanced level 3, particularly over the last 4 days #YocoSmallBizRecovery
See moreπhttps://t.co/Ej2inB4IKc
The public holiday on 16 June also impacted SME trade during this reporting period, with low levels of activity as few people travelled and no events were held #YocoSmallBizRecovery
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