Wage subsidy has the potential to curb the downward spiral of the economy
But we would need to be wary that a wage subsidy programme would not masquerade as a locomotive of corruption
14 December 2020 - 18:04
Given the rapid increase in job losses experienced by the country because of the Covid-19 pandemic, decision-makers must address the effect this has had on both the economy and the individuals who drive the economy. Unemployment has reached a staggering high and is expected to surpass forecasts.
Financially, the Covid-19 national lockdown has created opportunities for a few businesses, but for many other organisations it has forced permanent closure and mass retrenchments. Consequently, the economy is now faced with an increase in unemployment. ..
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