“SMEs claims a share in the tumbling economy”

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.

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