Jamie McKane
MyBroadband Journalist
- Joined
- Mar 2, 2016
- Messages
- 7,000
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 million jobs will be lost because of the extended lockdown, pushing the unemployment rate to record highs.
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 million jobs will be lost because of the extended lockdown, pushing the unemployment rate to record highs.
