Salary cuts and retrenchments at South African tech companies - What employees say
The COVID-19 pandemic and extended lockdown have devastated many sectors of the South African economy, including tourism, restaurants, and the entertainment industry.
The National Treasury’s latest estimates...
Salary cuts, retrenchments, and work-from-home policies at SA tech companies
South Africa’s strict and prolonged lockdown has caused havoc on the local economy, with current estimates suggesting a GDP decline of between 7% and 17%.
The National Treasury further predicted that between 3 and 7...
Big salary cuts for president and ministers due to coronavirus
President Cyril Ramaphosa has announced that he and all ministers will receive a large salary cut for the next three months.
Speaking at a media briefing on Thursday 9 April 2020, Ramaphosa confirmed that the president, the deputy...