Another positive week for the JSE, as investors turn positive on the news that quite a few countries are lifting lockdown restrictions. S&P ratings agency downgraded SA further into junk status, but the Rand is still holding below 19/US$. Edcon has filed for voluntary business rescue, as Comair find themselves in a “very difficult“ financial situation. The US Fed kept rates on hold, while another 3.8m Americans registered for unemployment. And Spotify claims that podcast listening has increased, as every day for users now looks like the weekend.More Info
Over 1 million people who were gainfully employed a few weeks ago could find themselves without jobs post lockdown. And that’s just the start, as South Africa’s creaking economy grinds to a halt. But all is not lost, says leading labour expert Andrew Levy.
This podcast was originally published as part of Investec’s Coronavirus series.More Info
How far must employers go in standing by their employees? How can an employee claim benefit from an employer, and how long can an employer withstand the absence of its employees during these tough times? Can you insist on working from home? What are the respective legal rights and obligations? In studio with Garry and with the answers is Lisa-Anne King of Fluxmans Attorneys.More Info