Some tenants are more than six months behind on their rent, with the residential rental market’s recovery after the hard lockdown in the second quarter of 2020 taking a knock. Many tenants were struggling to catch up on rent arrears despite being employed when the restriction on movement was lifted[…]
Unions in southern Africa have highlighted the devastating effects of Covid-19 on workers, saying the livelihoods of almost 70% of workers in the region have been severed. A study conducted by the Southern African Trade Union Co-ordinating Council has affirmed that across the countries surveyed, wages and livelihoods have been[…]
The economic and labour crisis created by the new coronavirus pandemic could increase global unemployment by almost 25 million, according to a new report published yesterday by the UN’s International Labour Organization (ILO). Rising unemployment mean large income losses for workers, ILO warned in the report showing workers stand to[…]
Nedbank Group is in talks with about 1,500 employees over potential job cuts at the South African lender’s retail and business-banking division to cope with a struggling economy and increased competition. The company forecasts that “between 50 and 100 employees are at risk of not being placed in a role,”[…]
As Eskom battles with a staggering debt of R435 billion, concerns have been raised about the impact of nationwide load shedding for businesses, including potential job losses. This debt figure was announced by Public Enterprises acting director general Thuto Shomang on Wednesday, who said it represented 15% of South Africa’s[…]
As SA wakes up to the threat of a massive strike against job losses, nurses affiliated to the Democratic Nursing Organisation of SA (Denosa) said they would down tools in support of the Cosatu-led industrial action. Speaking on Tuesday, Denosa said they planned to join Cosatu to express their concerns[…]
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