Life is stable now because Corona Virus. We even can't go outside like before. Always need to avoid crowded places.
Life is stable now because Corona Virus. We even can't go outside like before. Always need to avoid crowded places.
We made our own, we use denatured 99.9% alcohol we use for cleaning some machines and had a few litres. Then added RO water about 60/40 and use that.Originally Posted by ians
The alcohol we got last year from Enterprise Ethanol and it is not cheap. Not sure of the stock position currently.
Only stress when you can change the outcome!
The economic impact worries me more than the actual virus.
In Cape Town with it's high reliance on tourism it's going to be devastating. I'd guess about 90% of business is either directly tourist related or indirectly as part of the supply chain that services those business and people employed by them. Economically I see this ending very badly.
Almost immediately I see the vast majority of restaurants, bars, hotels, tour companies, retail outlets etc bankrupt in the coming weeks and months. When the cards at the base of the stack fall those above will follow later.
_______________________________________________
_______________________________________________
Personally I'm not too badly placed, I own everything I have and my business has. No vehicle payments, no bonds, no loans or finance, no rental agreements... not even phone contracts so I can run on a shoestring indefinately. I fear many others are not so well placed though....
_______________________________________________
_______________________________________________
tec0 (22-Mar-20)
This thing affects so many people is so many ways - Most airline pilots and cabin crew are hourly paid and the airline industry has hit the fan (pardon the pun).
I am in a similar situation ...I have just paid up my credit card (wish i hadnt considering what is happening ...it would have given me just that little extra backup)...have a small bond ...no vehicle finance ...no loans... no cellphone contracts...no wholesaler accounts ... just 2 staff wages to pay.
My only headache is the electricity department ...they arrived at the gate yesterday to read the meter ... they havent read my meter since the middle of 2018 and havent been billing me an estimate since the middle of 2018 ...my rates ...water and sewage etc are up to date...that is gona hurt.
At least the good news is my bond rate has dropped.
Comments are based on opinion...not always facts....that's why people use an alias.
The emails have started ...factory shutdowns.
What does this mean for us small business?
Do we put our staff on short time for the month while all the factories are on shut down...no work no pay?
Do we rather send staff home on short time before the virus gets us ...on short time no pay ...on sick leave you have to pay?
What happens if one of your staff members die form the virus ?
Comments are based on opinion...not always facts....that's why people use an alias.
If you are put on short time for 14 days ...your normal deductions will apply?
Comments are based on opinion...not always facts....that's why people use an alias.
Although I told my guy not to work this week I still paid him in full. I have money and he doesn't. I do what I think is right no matter who says what.
Presently, tenants are finding all the reasons in the world for not allowing us access to do our work.
I don't suppose one can blame them.
This week we worked for 2 and a half days. I paid my assistant, Xolani, in full for the whole week.
I will carry on doing so for as long as my financial position allows. He has 2 children to feed, I have none.
We are in for difficult times. If I can cover his pay and expenses, I'll be ok.
In fact, if it wasn't for Xolani, I would have shut shop long ago to go fishing full time.
Adrian, you and I are on the same page, brother.
Cheers and peace out ... Derek
adrianh (20-Mar-20)
Posting Permissions
Reply With Quote
Did you like this article? Share it with your favourite social network.