Tag: panic buying
Per diem tax guidelines – travel allowance compliance
A per diem (from the Latin for per day) is a daily stipend given to business travellers to cover food and incidental expenses while they’re on the road. It’s not, in fact, a perk to make up for the inconvenience of being away from home – or a little extra spending money to splurge on spoils and souvenirs.
Manufacturing sector should rethink approach in a post-COVID-19
COVID-19 cannot take all the blame for the disruptions taking place in the global economy. The pandemic and resultant lockdown simply provided a conduit for highlighting the failings across industries in South Africa, whether that is healthcare, public transport, education, or others.
The global cognitive distortion of panic and COVID-19
Where did all the toilet paper go? Snapshots of empty store shelves, low levels of storable staples like rice and noodles and city-states raising emergency levels has served to escalate panic buying and even shop-raiding in some parts of the world.
Optimism is a strategy
On first blush there is ample reason to be miserable. The economic data released earlier this week has once again confirmed that South Africa is in a recession. An investment downgrade is more likely to happen than not to, and the lack of tangible progress in South Africa gives little reason to cheer. Add load shedding, crime and the fact that the Corona Virus is around the corner, and one must wonder why more of us aren’t medicated. I imagine it’s partly because we can no longer afford it.
