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In his Budget speech on Wednesday, Finance Minister Tito Mboweni said while the government would continue with job support programmes, the country s lacklustre growth is expected to persist for some time.
Half of the workers who lost jobs in April 2020 due to lockdown restrictions remained unemployed by October.
The Competition Commission is working on eliminating exclusive leases, cutting data costs and monitoring price gouging.
Minister of Finance Tito Mboweni said during his Budget Speech that despite government efforts to boost job creation and soften the blow for those who lost their jobs in the past year, the unemployment crisis in South Africa is showing few signs of letting up.
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More than R57bn paid out to close to 13.5m employees so far.
By Jan-Jan Joubert
18 Feb 2021 00:01
The Cobrasâ investigations are starting to pay off: 20 people have been arrested and 70 criminal court cases have begun. Image: Supplied
Authorities are rapidly closing in on thousands of South Africans (citizens and officials) who unlawfully enriched themselves through the Unemployment Insurance Fund (UIF) Covid-19 Temporary Employer-Employee Relief Scheme (Ters).
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On August 22 last year Minister of Labour and Employment Thulas Nxesi referred the findings of the office of the Auditor-General regarding fraud and wasteful expenditure associated with Ters payments to the Special Investigations Unit (SIU) â colloquially known as the Cobras â for consequence management and legal action.
Finance Minister Tito Mboweni still faces all last year’s challenges such as funding cash-strapped state-owned enterprises (SOEs) and paying a massive public sector wage bill – along with new headaches caused by Covid-19.
Following a year of pandemic and lockdowns, South African employees and companies are looking ahead to the annual Budget Speech on 24 February with a sense of foreboding.