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It is unfortunate that President Cyril Ramaphosa did not use his 17 June announcement of modifications to South Africa’s level 3 lockdown as an opportunity to end the ill-considered ban on tobacco and related products. Appropriately, on the same day, Africa Check confirmed that the government is losing around R35 million per day in excise taxes for tobacco products.
The Minister of Employment and Labour has issued a revised COVID-19 Direction on Health & Safety in the Workplace. The Direction applies to all workplaces except mines, ships, boats or cranes and any other workplace which is regulated by a different direction on health and safety.
The Supplementary Budget 2020 was tabled to Parliament on 24 June 2020 by South African Finance Minister Tito Mboweni.
People’s safety concerns about transmission through contact has resulted in COVID-19 becoming a catalyst for the adoption of cashless payments globally and even more so in South Africa, with the disruption expected to effect lasting changes in the way people transact with cards and cash.
A pandemic has hit the World, causing every country to reset and take a step back, assess its strengths, weaknesses, areas in need of development, and importantly also those priorities which now do not seem to be that important.
The impact of COVID-19 and the lockdown has severely squeezed business cash flows. Surviving the shock is challenging the resilience of enterprises and executives alike. How management adapts will test their agility and resourcefulness. If not enough is done, the very survival of the business will be at stake.
Read our exclusive cover story titled COVID-19 | RESET... REDEFINE, REFINE, REBUILD ...RESTART! by Dr Ivor Blumenthal, CEO, ArkKonsult, as well a host of other topical management articles written by professionals, consultants and academics in the June/July 2020 edition of BusinessBrief.