Lockdown: Unpacking jobs bloodbath

Date: 07 May 2020 | Author: SAFM Market update Category: News

South Africa is facing a coronavirus-driven jobs bloodbath, with the Business for SA (B4SA) formation forecasting that up to four million jobs could be lost this year.

On Wednesday, B4SA’s Martin Kingston said a minimum of one million jobs are set to be lost, but up to four million jobs are on the line as a result of the expected economic fallout from the Covid-19 pandemic.

BLSA CEO Busi Mavuso spoke to SAFM Market with Moneyweb to unpack this jobs nightmare facing the country. For more click below