PETER BRUCE: Worker-filled factories just another of the ANC’s fantasies
Sobering news. The National Income Dynamics Study (NIDS), out of the University of Cape Town but backed by the government and financed by private sector donors as well, has just made a first assessment of the impact of Covid-19 and the government’s response to it in the NIDS-CRAM (Corona Virus Rapid Mobile) survey. It is not pretty reading.
NIDS-CRAM reckons ( I am relying on Neil Coleman of the Institute for Economic Justice for a summary of its finding) that 3-million people lost their jobs during the hard lockdown in March and April. That’s 3,000,000. Assume, conservatively, three dependents for each job, that becomes 9,000,000 more people with little or nothing to live off. Typically, the poor, women and black people fared the worst...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.