HESSEQUA NEWS - With several businesses facing the bleak prospect of shutting down as a direct consequence of the Covid-19 pandemic, Pres Cyril Ramaphosa has urged that such decisions be carefully taken.
Writing in his weekly letter on Monday, 22 June the president said these decisions should be taken with due regard to balancing the sustainability of companies and the livelihoods of workers.
Last week, companies which ranged from aviation to construction, entertainment and leisure to hospitality, indicated the intention to retrench staff due to heavy losses incurred over the past three months. In other cases, businesses are closing permanently. Small businesses, whose turnover has been wiped out, will be even harder hit.
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