job losses

Women hardest hit by income and job losses, reveals study

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[…]

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Nedbank in talks with 1,500 staff over potential job cuts

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,”[…]

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Load-shedding: Employers need to get creative

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[…]

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