Africa in BusinessAfrica in Business

SMEs, startups urged to brace themselves for heightened volatility, rising costs in the coming months due to the escalating tensions involving Iran

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The escalating tensions involving Iran and the resulting surge in global oil prices are expected to send shockwaves through the global economy, with small businesses likely to feel the impact first. Hiten Keshave, CEO of Unconventional CA, a startup and SME advocacy organisation, cautions that SMEs and startups should brace for heightened volatility and rising costs in the coming months.

 He notes that many small businesses already face challenges with cash flow management, and when inflationary pressures and supply constraints are added to the mix, inadequate planning can quickly lead to operational disruption.

Thami Ngubeni spoke to Hiten Keshave, CEO of Unconventional CA, a startup and SME advocacy organisation.

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