By Busi Mavuso
If we thought we had a jobs crisis on our hands before this pandemic, we now we have something much, much larger than we had ever imagined.
By Busi Mavuso
The green paper on a new social security reform programme would be debilitating on workers as they would have to contribute between 8% and 12% of their earnings.
I wish Finance Minister Enoch Godongwana all the best in his new role. He is taking on one of the most difficult jobs in the country. It is central to business confidence.
I think that the idea to allow withdrawals from their pension comes with some dire consequences if one considers that only 6% of South Africans retire with enough savingS.
As BLSA, we’ve asked the state to step in and aid the rebuild effort. National Treasury’s R39bn package to provide relief to businesses and the poor should be welcomed.
The cost of the economic carnage in KZN and Gauteng will be carried by the most vulnerable segments of South African society.
The president’s speech on Friday evening, flanked by the heads of the police and army, was the right message to convey to the public.
The rule of law took precedence over political prudence. No-one can display the contempt of court that Zuma did without expecting consequences.
Business confidence has had a shot in the arm from several directions at once. The arrest Jacob Zuma and improvements in vaccination rates are some of the reasons why.
The state should consider providing further social support for the vast majority of South Africans who aren’t as shielded from the economic strain caused by these unavoidable lockdowns.
Second Floor, 61 Katherine Street,
PO Box 7006 Johannesburg 2000
Tel : +27 (11) 356-4650
Fax : +27 (11) 726-4705
Registration number: 062-000 NPO