Tag: COVID-19

COVID-19 is wreaking havoc amongst us, not because it’s causing global physical and economic meltdown, but for exacerbating another pandemic we’ve been dealing with for decades: loneliness. Science has long recognised that loneliness is emotionally painful and can lead to a host of side effects including heart disease, stroke, cancer and Alzheimer’s.

Three months ago, investors were looking forward to an improved year of global growth and corporate earnings. That was then. The coronavirus crisis is an era-defining event; one which will have a significant impact on not only how we live, but also where we invest.

The scale of the national COVID-19 lockdown is unprecedented in living memory. The repercussions – personal, professional, national and international – will reverberate for years to come. As entrepreneurs, we need to be making the right decisions for right now to ensure that our businesses and our people’s livelihoods do not become another casualty of the virus.

With South Africa being on a national lockdown and the world facing a global pandemic due to the coronavirus, employers need to take special precautions to ensure the safety of their employees. Contingency plans together with the right contingency manager can help to mitigate the impact of these disruptions.

Responsible leadership has taken on an even deeper meaning, as our workforces and our customers find themselves in an unfamiliar, fast-moving global environment. COVID-19 has changed the way we live and work already, with far-reaching impact.

As the coronavirus sweeps its way around the globe, the trends established in most countries in terms of taming its spread after lockdown appears similar to that set in China. While it might take somewhat longer for some of those countries that started their control measures later, the outlook seems positive and the trend is definitely moving in the right direction.

The Minister of Cooperative Governance and Traditional Affairs has promulgated the regulations applicable during the lockdown Alert Level 4.

Although it’s recommended in King IV, succession planning is often neglected because it’s an uncomfortable subject. The COVID-19 crisis should act as a wake-up call for organisations to ensure not only that they have a plan to govern an orderly succession for key senior posts, but also an emergency back-up plan.

Stats SA produces two quarterly surveys detailing South African employment. They are: The Quarterly Employment Survey, which examines VAT-registered businesses and includes detailed industry-level data on non-agricultural, formal employment; and The Quarterly Labour Force Survey, which surveys households and includes details on informal employment, agricultural employment and demographics of the workforce.

The global economy has been disrupted severely by the outbreak of the coronavirus, also referred to as COVID-19. According to the World Health Organisation (WHO), the virus originated in the city of Wuhan in the province of Hubei, in China around December 2019.