Services requested to financial institutions during COVID-19 in Southern Africa 2020

Published by
Saifaddin Galal,
Sep 13, 2022
Based on an online survey carried out between June and July 2020, 59 percent of the Southern African businesses that took part in the study requested working capital from financial institutions during the coronavirus (COVID-19) pandemic. Moreover, some 19 percent contacted financial institutions for asset financing, while 16 percent sought debt recovery delays. Only six percent approached financial institutions for new products.

Services for which financial institutions were approached by companies during the coronavirus (COVID-19) pandemic in Southern Africa as of July 2020

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Release date

October 2020

Region

Africa

Survey time period

June 16 to July 20, 2020

Number of respondents

104 respondents

Method of interview

Online survey

Supplementary notes

Data refer to Angola, Botswana, Lesotho, eSwatini, Malawi, Mauritius, Mozambique, Namibia, South Africa, Zambia and Zimbabwe.

Country coverage share:
Mauritius:31 percent
Zambia: 21 percent
South Africa:10 percent
Malawi: 8 percent
Mozambique: 5 percent
eSwatini: 5 percent
Zimbabwe: 4 percent
Botswana: 4 percent
Namibia: 4 percent
Lesotho: 4 percent
Angola: 4 percent

Company size coverage:
Micro (1-10): 42 percent
Small (11-50): 24 percent
Medium (51-250): 20 percent
Large (>250): 14 percent

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