{"id":50512,"date":"2024-05-30T06:23:27","date_gmt":"2024-05-30T06:23:27","guid":{"rendered":"https:\/\/www.africa-press.net\/eswatini\/all-news\/businesses-recorded-negative-growth-of-58-in-2020"},"modified":"2024-05-30T06:48:29","modified_gmt":"2024-05-30T06:48:29","slug":"businesses-recorded-negative-growth-of-58-in-2020","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/eswatini\/all-news\/businesses-recorded-negative-growth-of-58-in-2020","title":{"rendered":"BUSINESSES RECORDED NEGATIVE GROWTH OF 58% IN 2020"},"content":{"rendered":"

Africa-Press – Eswatini. <\/strong><\/span>A study on the impact of COVID-19 and the Ukraine crisis on MSMEs has reflected that businesses experienced a significant decrease in sales revenue in 2020.<\/b><\/p>\n

This was due to the impact of COVID-19 and they recovered in 2021. However, growth slowed in 2022. The study has reflected that businesses were hit hard in 2020 with revenues recording a negative growth of 58 per cent. The study was conducted by the United Nations Economic Commission for Africa Sub-regional Office \u2013 Southern Africa and the findings were presented yesterday at Business Eswatini (BE) offices by Lunga Simelane. For the purpose of the study, a total of 283 micro, small and medium enterprises (MSMEs) participated in the survey across the four regions of the country.<\/p>\n

This country report is one of reports assessing the impact of COVID-19 and the Ukraine crisis across the member states of ECA SRO-SA, which are Angola, Botswana, Eswatini, Lesotho, Malawi, Mauritius, Mozambique, Namibia, South Africa, Zambia and Zimbabwe. It is worth noting that the countrywide shutdowns implemented in 2020 proved to have adverse effects on businesses\u2019 sales revenue. There was to be a resurgence in 2021 in revenues from sales with a 50 per cent growth recorded by MSMEs. This growth coincided with the relaxations on some of the restrictions that were in force for the whole of 2020. In 2021, trade started stabilising as the early batches of the vaccine proved fit for purpose in terms of reducing fatalities and hospitalisation rates. It was reported that businesses began trading again as soon as restrictions were eased by government, which was also consistent with an early rapid uptake of the vaccine.<\/p>\n

For More News And Analysis About Eswatini<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Eswatini. A study on the impact of COVID-19 and the Ukraine crisis on MSMEs has reflected that businesses experienced a significant decrease in sales revenue in 2020. This was due to the impact of COVID-19 and they recovered in 2021. However, growth slowed in 2022. The study has reflected that businesses were hit […]<\/p>\n","protected":false},"author":84,"featured_media":50511,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,248,249],"class_list":["post-50512","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-eswatini","tag-eswatini"],"yoast_head":"\nBUSINESSES RECORDED NEGATIVE GROWTH OF 58% IN 2020 - Eswatini<\/title>\n<meta name=\"description\" content=\"A study on the impact of COVID-19 and the Ukraine crisis on MSMEs has reflected that businesses experienced a signifi ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/eswatini\/all-news\/businesses-recorded-negative-growth-of-58-in-2020\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BUSINESSES RECORDED NEGATIVE GROWTH OF 58% IN 2020\" \/>\n<meta property=\"og:description\" content=\"A study on the impact of COVID-19 and the Ukraine crisis on MSMEs has reflected that businesses experienced a signifi ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/eswatini\/all-news\/businesses-recorded-negative-growth-of-58-in-2020\" \/>\n<meta property=\"og:site_name\" content=\"Eswatini\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-30T06:23:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-30T06:48:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/eswatini\/sites\/33\/2024\/05\/sm_1717038742.323674.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1080\" \/>\n\t<meta property=\"og:image:height\" content=\"680\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/businesses-recorded-negative-growth-of-58-in-2020#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/businesses-recorded-negative-growth-of-58-in-2020\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"BUSINESSES RECORDED NEGATIVE GROWTH OF 58% IN 2020\",\"datePublished\":\"2024-05-30T06:23:27+00:00\",\"dateModified\":\"2024-05-30T06:48:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/businesses-recorded-negative-growth-of-58-in-2020\"},\"wordCount\":280,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/businesses-recorded-negative-growth-of-58-in-2020#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/eswatini\/sites\/33\/2024\/05\/sm_1717038742.323674.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Eswatini\",\"Eswatini\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/eswatini\/all-news\/businesses-recorded-negative-growth-of-58-in-2020#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/businesses-recorded-negative-growth-of-58-in-2020\",\"url\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/businesses-recorded-negative-growth-of-58-in-2020\",\"name\":\"BUSINESSES RECORDED NEGATIVE GROWTH OF 58% IN 2020 - 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