By Busi Mavuso
The IMF’s medium-term forecasts have alarming implications for our unemployment situation.
By Busi Mavuso
The remuneration of CEOs and senior executives is a sensitive topic in SA given high levels of income inequality – but it’s an important issue globally.
The Draft Companies Amendment Bill approved by cabinet last month, adds significant administrative burdens on companies while diminishing SA’s attractiveness as a place to do business.
BLSA CEO Busi Mavuso says that although some degree of red tape imposed on businesses is necessary to protect consumers and ensure orderly commercial activity – but SA can do better.
A big take away from last week’s meeting between business representatives and President Cyril Ramaphosa was that fixing the workings of the economy must be a joint endeavour.
As Britain looks to develop new trading relationships around the world, BLSA urges UK Prime Minister Boris Johnson to reassess the restrictions placed on SA.
Our jobs market remains one of the worst in the world, with unemployment in Q2 reaching 34.4%, the highest of 80 industrialised nations tracked by Bloomberg.
We need to review labour regulations that have protected the rights of employees but have also made it more expensive and harder for small businesses to hire new workers.
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.
Our only escape from the unemployment crisis and underperforming economy is through reform.
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