To help us better understand the extent of the late payments problem in South Africa, we surveyed over 500 SME owners. Here’s what we found out…
This has a significant impact on a business’ ability to pay its own staff and suppliers.
It doesn’t just restrict their business at the moment, but long-term aspirations too.
Late payments keep them behind on clearing credit and loans
That’s more than two working weeks wasted!
Over three working weeks spent wondering.
Truth Coffee Roasting, Cape Town • Xero Customer
See the full picture of how late payments affect South African SMEs with the complete, in-depth research.
About the research: The survey research was conducted by Censuswide, with 502 Business Decision Makers in SMEs (1-249 employees) in South Africa in October 2019. Censuswide abide by and employ members of the Market Research Society which is based on the ESOMAR principles.