South Africa

Slashed wages just the start of spiralling misery

28 April 2020 - 06:21 By graeme hosken
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Some employees have had their salaries cut by 40%, with no indication of when the reductions will be withdrawn.
Some employees have had their salaries cut by 40%, with no indication of when the reductions will be withdrawn.
Image: Leon Swart/123rf.com

A pay cut or no job after lockdown.

In light of that grim reality, experts say unorthodox financial methods are needed to avoid social unrest.

 

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