DURBAN – MOST OF South Africa’s small, medium and micro enterprises (SMMEs) were in distress and required urgent help to get back on their feet, according to the Covid-19 Business Rescue Initiative (Cobra).

Cobra, the year-old non-profit organisation focused on assisting SMMEs, said that SMMEs based in Gauteng, the Western Cape and KwaZulu-Natal had been the hardest hit by Covid-19 and the consequent lockdowns. It said the sectors bearing the brunt of the lockdowns were retail, construction, manufacturing, tourism and hospitality.

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Related Tag: SME Business Funding