Sa Business Confidence: Fintech Lula Sounds Alarm On Sme Reality

While the latest SACCI Business Confidence Index BCI might paint a picture of cautiously improving sentiment among South African businesses, fintech disruptor Lula is urging a dose of realism. The numbers may suggest a positive trend, but beneath the surface, a stark reality persists especially for the countrys vulnerable SME sector. Ventureburn digs into the data and the fintechs call for urgent action.

BCIs Green Shoots Mask Deeper SME Struggles

The March BCI, released today, indicates that business confidence is holding steady. However, Lulas Chief Risk Officer, Garth Rossiter, warns against complacency. He argues that the headline figure obscures the ongoing challenges faced by small businesses, the lifeblood of South Africas economy.

We agree with SACCI that theres no room for complacency, says Rossiter. Especially for small businesses, which continue to operate in incredibly tough conditions. They need proactive support now more than ever. There is no time to waste.

Lulas Data: A 50 SME Turnover Plunge