Coronavirus Entrepreneurship Finance Fintech South Africa Tech

Two South African tech companies growing during the lockdown

The prolonged lockdown in South Africa is having a negative impact on the economy, with a large number of businesses facing headwinds.

19% of businesses recently polled by Sakeliga expect to go bankrupt within the next month.

There are, however, businesses which are showing strong growth during the lockdown and COVID-19 pandemic.

Two of these businesses are Payspace and Africonology, which said they are seeing increased demand during this period.

Payspace MD Sandra Crous told MyBroadband they have experienced good growth amidst the lockdown.

Payspace provides easy-to-use cloud-based payroll software, which is a key component of managing staff payments in a work-from-home environment.

Source: MybroadBrand via CrudeMix

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: