President Cyril Ramaphosa has urged all South Africans to work towards a speedy economic recovery. This plea came after 2.2 million jobs were lost nationwide in the second quarter of 2020. The president responded to the data released by Stats SA, which revealed that the country’s unemployment rate fell to[…]
Three million – that is how many people in South Africa have lost their jobs during the nationwide lockdown so far, according to a new study conducted by 30 social science researchers from five South African universities. The research was released on Wednesday. The National Income Dynamics Coronavirus Rapid Mobile[…]
The fallout from the coronavirus spread that has killed more than 83,000 people and wreaked havoc on economies around the world could push around half a billion people into poverty, Oxfam said on Thursday. The report released by the Nairobi-based charity ahead of next week’s International Monetary Fund (IMF)/World Bank[…]
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[…]
In the global climate where governments are starting to understand the true importance of human wellbeing, actions are being taken to make cities a better place to live. A new index developed by Fitbit identifies the hotspots for wellness around the world. By examining 77 major cities around the globe it[…]
Shocking unemployment numbers, low growth and state-owned enterprises, billions of rand in debt. Finance Minister Tito Mboweni faces the tough task of balancing government’s books when he delivers his medium-term budget policy statement. READ: Mboweni expected to do a balancing act Analysts say Mboweni can win favour from ratings agencies and investors by converting[…]
Economists say Finance Minister Tito Mboweni will face a huge challenge when he delivers his Medium-Term Budget Policy Statement on Wednesday. The challenges are mainly political in a slow-growing economy. Mboweni is expected to release a revised economic growth strategy and a plan to address Eskom’s debt. Government is struggling to[…]
The Commission for Conciliation Mediation and Arbitration (CCMA) says it foresees more retrenchments in workplaces, as factors such as the Fourth Industrial Revolution (4IR) take over. “Currently, the biggest contributor to retrenchments is the 4IR. We are seeing that based on the number of referrals we are receiving. We do[…]
Iraq has been rocked by days of protests, as thousands of mostly young men have been demonstrating in different parts of the country against corruption, unemployment and poor public services. Security forces have responded using water cannon, tear gas, live rounds and rubber bullets. Scores of protesters have been killed and[…]
At least three protesters and one policeman have been killed in Iraq‘s southern city of Nasiriya, according to a monitoring group, after nationwide anti-government protests devolved into violence that saw security forces fire live rounds and tear gas for a second straight day. The deaths on Wednesday came a day after at least[…]
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