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COVID-19 bailout nationalism: A predicament in saving small immigrant-owned businesses in South Africa.

Authors :
Ojugbele, Hammed Olabode
Tengeh, Robertson K.
Ogunlela, Oyebanjo
Source :
International Journal of Research in Business & Social Science; Sep2022, Vol. 11 Issue 6, p33-42, 10p
Publication Year :
2022

Abstract

The small business sector has been identified as an essential component of the global economy, especially in the developing economies, where it plays a significant role in addressing job creation and poverty. However, the COVID 19 pandemic and its attendant lockdown restrictions have brought untold devastation to the sector forcing many out of operation, crippling business operations and financial viability. We seek to identify the role and impact of government relief measures in helping immigrant-owned businesses in South Africa to deal with the impact of the pandemic on their businesses. Primary data was collected using an electronic questionnaire administered to 260 foreign business owners in South Africa. The data was cleaned and statistically analysed using IBM SPSS version 27. We interpreted and discussed the results using the realistic conflict theory. Though a vast majority of the businesses (89%) reported that the pandemic had a very severe impact on their financial sustainability and liquidity, none of them reported that they benefitted from any of the South African government business support packages during the pandemic. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
21474478
Volume :
11
Issue :
6
Database :
Complementary Index
Journal :
International Journal of Research in Business & Social Science
Publication Type :
Academic Journal
Accession number :
159288160
Full Text :
https://doi.org/10.20525/ijrbs.v11i6.1961