The COVID-19 pandemic presents major challenges for many South African businesses.
The spread of the virus has disrupted supply chains and delayed payments by debtors, and various parties now battle to meet their contractual obligations.
The virus has also influenced employees in both financial and psychological respects.
Moreover, the COVID-19 crisis has shown the importance of businesses offering proper digital payment solutions to their customers.
No business will be exempt from these challenges.
Nedbank Business Banking has undertaken several initiatives to support its clients to make sure that they can meet the challenges stemming from COVID-19 head-on.