How SMEs can survive hikes

» The fuel price can dramatically affect small businesses. Here’s what to do.

- Tshehla Cornelius Koteli

South African small businesses continue to face pressure from persistently high and volatile fuel costs, with fluctuations at the pumps adding ongoing strain to their already tight operating margins.

Friedrich Meisenholl, regional investment manager at Business Partners, says that even with the temporary fuel price increase relief measures extended until the end of June, this environment represents sustained financial pressure for SMEs that extends far beyond fuel itself.

Five practical steps SMEs can take

As higher fuel prices feed through to transport, supplier costs, deliveries, on-site services and, ultimately, shelf prices, Meisenholl says SMEs need to respond proactively.