Treasury says the credit ratings downgrade “could not have come at a worse time”, as country enters a 21-day Covid-19 lockdown with little money saved up
New research shows that while South African organisations have made strides in achieving greater diversity and transformation, too many people still feel excluded in workplaces – and this has significant consequences for productivity and company performance
Rough models show that over R600-billion in GDP could be lost, along with two million jobs. That would mean Covid-19 has a worse impact than the 2008 global recession
The ratings agency is expected to say on Friday whether it will downgrade SA’s credit rating to junk, but it could hold off until the Covid-19 pandemic eases
Almost three million workers are not covered by measures implemented by the department of employment and labour to lessen the economic effects of the coronavirus
The Right2Know Campaign has been allowed to join a court case against Engen, which used the Regulation of Gatherings Act to ban protests outside its Durban refinery
With Covid-19 halting air travel, labour unions have been told that lack of post-commencement funding and travel bans have forced airline to the point of no return
With the disease hitting the airline industry hard, SAA has told employees it will run out of money by March 31. Workers must either lose their jobs or move to part-time jobs, it says
