Tagged With: global economic recession
Recession blues bite Bay business outlook
THE Nelson Mandela Bay metro‘s Business Confidence Index continued to decline in January “under recessionary economic conditions and low levels of both business and consumer confidence”. The decline came amid the economy contracting by -1,8 percent in the fourth quarter of last year, the first annual retail sales decline in nine years, and a 22% … Continue reading
Thousands queue for relief as recession bites
THOUSANDS of desperate retrenched workers are queuing up for unemployment benefits as the global economic recession bites hard in the Eastern Cape. As the motor industry and other sectors shed jobs, the number of people seeking relief from the Unemployment Insurance Fund (UIF) has rocketed. Those dependent on UIF has increased by 20 per cent … Continue reading
Categories: General
Tags: global economic recession, motor industry, retrenched, UIF, Unemployment, workers
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