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Here’s Why South African SMEs Are Slowing Down On Tech Adoption

Here’s Why South African SMEs Are Slowing Down On Tech Adoption

South African
Photo: Rawpixel Ltd/Flickr

New research reveals South African small businesses aren’t able to adopt Cloud technology because of their connectivity problems. The third annual State of Small Business report from accounting software firm Xero, conducted in partnership with World Wide Worx (WWW) shows that over half (53%) of small businesses haven’t adopted cloud technology yet, due to connectivity problems. 

Fifty-nine percent of respondents said that scheduled power outages by the national supplier posed a significant challenge for their business. In addition, 43% said that their Internet connection was ‘OK but not 100% reliable’. Other challenges cited include new technologies entering the market (29%) and compatibility with customers (45%).

Story from Entrepreneur.

The research represents the opinions of 400 South African small business owners and 200 South African accountants. Almost half (47%) said their staff were highly tech-literate, but more than two thirds (67%) don’t allocate budget for training employees to use the software provided.

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“Our most recent State of Small Business report gives a real insight into what it’s like on the ground for small businesses in South Africa. In uncertain times like these, technology can provide stability,” says Colin Timmis, General Country Manager, Xero SA and professional accountant. 

Read more at Entrepreneur.