Interventions and Practices to Mitigate COVID-19's Impact on SMEs

Abstract

SMEs are at the centre of tough times, facing a raging COVID-19 virus that is wreaking havoc on economies and businesses the world over. This chapter explores interventions and practices that mitigate the impact of COVID-19 on SMEs that act as accelerators towards business recovery. It also deliberates on different government interventions that are in place. The chapter highlights the importance and contribution of different interventions towards continuity of businesses as they try to stay afloat in the middle of a global pandemic. It conveys contextual insights from different entrepreneurs operating SMEs in five sectors of the economy, that is manufacturing, hospitality, education, construction, and in wholesale and retail trade.