Business condemns Wednesday’s shutdown, highlighting its adverse impact on economy - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

Business has condemned Wednesday’s shutdown, highlighting its adverse impact on the economy. Congress of South African Trade Unions Cosatu and Saftu members protested against the high cost of living, unemployment and poverty.

Congress of South African Trade Unions and South African Federation of Trade Unions members protestedHowever, some of the country’s major public transport companies continued operations, urging unions to seek alternative ways to address the challenges facing the country.Cosatu says workers are drawing a line in the sand over the rising cost of living that is putting severe financial pressure on the working class and the unemployed.

“We believe that actions that further erode the economy and further harm the economy cannot be correct and cannot help. We are also not in favour of some of the calls being made like turning back the interest rate hike and not having wage increases within the context of inflation because the Reserve bank raises interest rates to control inflation which is their mandate, we believe that inflation must be controlled,” adds Coovadia.

“We have not received information that there were any disruptions so we operated normally despite our concerns. This informs us that we will be able to operate as well during the afternoon when passengers will be coming back home. But we are of course keeping our ear on the ground and our eyes peeled in terms of any developments. Operation Managers are there to inform in terms of decisions that should be taken should there be any changes to the situation,” Putco’s Lindokuhle Xulu explains.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Umuntu ongenalutho engamcangela kanjani onotho yet onotho engamcangeli ongenalutho. Uma kufadalala umnotho ongenalutho akanandaba, vele akathinteki. Khulumani nohulumeni eqhamuke with economic decisions azobhekela nabangenalutho.

Criticizing their customers while striking for better life, will leave them cold in the rain

If the population stood together vs falling for the mind fvckery & division fueled by controlled opposition and outside influences .. the country would have been free of “Keeping People In Poverty”. This includes Paid To Play MSM! TheEnemyWithin Distractions

Good worse yet to come You can't have useless president closing black business In their own land Allowing racist bank humiliate blacks Mass youth unemployment The next Shutdown that will include Removal of Ramaphosa will hook all the young people on the street

have no idea on Bitcoin but I'm currently earning R67,458.67 weekly with R15,000 start up Capital, I'm happy to invest with Gabriel_FOS1 i just pulled out my profit,i highly recommend her to those interested Gabriel_FOS1

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CPI continues on upward trajectory - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.South Africa’s Consumer Price Inflation (CPI) has continued on its upward trajectory. The figures that Statistics South Africa has released show that annual inflation was up 7.8% in July 2022, from 7.4% in June 2022. CPI 'Up to 7.8% from 7.4%' on a month to month its up 1.5%.
Source: SABCNews - 🏆 37. / 51 Read more »

MTN Group Announces Appointment of New Major Business Executive - IT News Africa - Up to date technology news, IT news, Digital news, Telecom news, Mobile news, Gadgets news, Analysis and ReportsMTN Group has today announced that Marvin Ncube has been appointed Executive: Business Finance, effective 1 September 2022. Ncube, according to MTN, is a seasoned finance executive with more than 19 years’ experience in strategic business planning, business performance, capex management, statutory reporting and revenue assurance. In his new role, Ncube will lead three core […]
Source: ITNewsAfrica - 🏆 27. / 59 Read more »

Popular Business Ideas With Minimal Investment - IT News Africa - Up to date technology news, IT news, Digital news, Telecom news, Mobile news, Gadgets news, Analysis and ReportsThe business environment is always evolving. Business geography is evolving due to new technology, trends, and regulations. It is time to provide some fresh business ideas for new entrepreneurs because there have been so many developments in recent years. There company and business trends created for 2022 and beyond are based on current market data. […]
Source: ITNewsAfrica - 🏆 27. / 59 Read more »