The online surveys that you’ve completed are contributing to real change in South Africa’s economy. Read more here.
Congrats – your online surveys are contributing to real change in SA’s economy
South Africa’s small business sector is a huge part of the country’s GDP and economy. Even though government knows that the small business sector is an important part of the financial health of the country, this sector keeps shrinking each year – and nobody seems to know why!
So Consulta Research, along with the University of Pretoria, set out to create the first Small Business Index this country has seen so that South African business people and workers can get more credible data and information about business confidence, market views, financial situation and growth. We’ve sent out various types of online surveys and conducted many market research initiatives so that we can start gathering accurate data for this ground-breaking Index. We’ve already surveyed over 1300 small business owners in various sectors. Things that were measured included business activity, business challenges, growth potential and business confidence. Thanks to your contributions, we’ve been able to track two quarterly reviews and gain valuable insights about the trends in SA’s small business sector.
The Small Business Index has been able to show companies what your top three challenges are (namely prices, business issues regarding competitiveness in the market, for example, and staff). Companies also know that entrepreneurs feel they’re not receiving enough support from the government or private sector.
The best part about all of this isn’t simply the information we’ve been able to gather, but the fact that companies are taking the information we provide seriously. They know that the info that we’re able to gather are from reliable sources and they’re using this information to make it easier for South African entrepreneurs to do business. Thank you for your participation in our online surveys so far – we’re looking forward to see how companies will continue to use this information to make a real difference in the lives of South Africans! Click here
to have a closer look at what happens behind the sceens: Introducing our new Community Solutions team member - Jess!