Collapsing South African Small Medium Enterprises (SMEs) sector, struggling under plummeting economic conditions has received a major business boost.
The SMEs uses the right technologies and platforms to outsmart and outperform bigger competitors.
Snupit is one of the largest local services companies in South Africa, offering customers to use technology to find and hire trusted small businesses across the country.
Snupit Chief Executive Officer Avinash Samlall said the technology helps SMEs to recognise their strengths and to offer friendly service to customers.
“While economic condition changes over time, the role and importance of technology will continue to increase. SMEs use the right technologies and platforms to outsmart and outperform bigger competitors. The technology helps SMEs to recognise their strengths and friendly service. Snupit helps SMEs make these two qualities unique,” said Samlall.
Samlall explained that Snupit helps SMEs to identify a gap in the market, saying this happens in niche industries.
Snupit services over 600 categories ranging from handymen, wedding, and caterers including maths tutors.
Study by Retail Capital, a financial services company, shows that small businesses struggles under current economic conditions.
“The study combines a low-growth economy, increasing operating costs and unreliable utilities is dealing a heavy blow to the SMEs,” shows the study.
It shows 90% SMEs struggles under a weak economy, adding that 13% of the affected employees start a side hustle to supplement their income.
The 90% struggling SMEs folding because of the dwindling economy to be exact, considering the impressive growth of Snupit as the platform continues to help a skyrocketing number of professionals and businesses.
You can download the study titled “Roll with the Punches” from Retail Capital’s website.
Snupit has 2 million monthly users and has 350,000 local professionals and businesses listed. For more information, visit www.snupit.co.za.