Treasury forecasts jobs bloodbath in South Africa


The National Treasury has warned of a jobs bloodbath in South Africa, putting a number to the potential damage that the Covid-19 will do to the country’s rate of employment in 2020.

The Treasury manages national economic policy, prepares the South African government’s annual budget and manages the government’s finances. It forecasts that the impact of the virus, and resulting lockdown period, could lead to job losses of  between 690,000 and 1.79 million, News24 reported.

This is revised from an earlier forecast at the end of April, where Treasury indicated that as many as 7 million…



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A free-thinking individual who strives to maintain psychological balance between the two polar aspects of Human Nature; Desire and Conscience. However, These conditions can never be balanced because inertia will carry us to extremes. Balance is a constant struggle therefore I live by the principles of the HERU Interface