Tag: income loss
COVID-19 is not a justification for unfair dismissals
The pandemic brought with it a slew of realisations for business owners, one such an epiphany is how most organisations need fewer employees to remain functional. But using COVID-19 as a reason for retrenching a surplus of employees constitutes as unfair dismissal.
Keep the wheels turning – prime lending rate reduced
Following the South African Reserve Bank’s (SARB) decision to cut its lending rate by 0.25%, we will be reducing our prime lending rate to 7% from 7.25% with effect from Friday 24 July. The recent FNB/BER Consumer Confidence Index revealed an alarming but understandable slump in confidence, which has not been seen since 1985.
We cannot be locked down until a vaccine is found
Okay, I have decided to nail my colours to the mast on COVID-19. And before you ask… No, I am not an epidemiologist or economist. Nor am I a politician with votes to garner, or a journalist who revels in sensationalism. I am just an opinionated individual with no power other than to express my opinion. And I am angry and saddened and sound it.
Wealth management in the time of COVID-19
The world is facing one of its gravest crises in recent memory as it stares down COVID-19 and the wealth management industry has a key role to play by steadying the investment ship and navigating investors’ safely through this storm.
COVID-19 brings into sharp relief the risks faced by gig workers
South Africa’s current national state of disaster, and the uncertainty that has gripped the world, will especially impact the most vulnerable groups in our society. That includes those in casual or insecure employment who face two possibilities in the reality of social distancing: loss of income, or ongoing exposure to the virus through the front-line nature of their work.
