The global outbreak of Covid-19 has steered the world’s economy into unchartered territory. The President’s lockdown-announcement last night confronts the South African economy directly with this stark reality.
What if the lockdown is in excess of three weeks?
Although there is currently no indication that this will be the case, companies making a decision in respect payment of employees must calculate an extended lockdown period into the equation.
Business must reserve its capabilities in order to remain sustainable for a protracted period – the fight against the spread of Covid-19 and the long-term survival of business may turn out to be a
NEASA will immediately communicate all relevant developments with appropriate advice throughout.
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