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BusinessLive reports that the economic and labour effect of the rapidly spreading coronavirus will come under the spotlight when the National Economic Development and Labour Council (Nedlac) discusses the matter on Monday.
Mitigation measures to be taken by its government, business, labour and community stakeholders will also be discussed at the special executive committee meeting. Trade union federation Cosatu wants the government to come up with a stimulus plan to prepare for the impact of the coronavirus, potentially stretching SA’s already strained finances. It will call for the plan at the Nedlac meeting on Monday, said Matthew Parks, Cosatu’s parliamentary co-ordinator. SA has twice slipped into recession since Ramaphosa took office in February 2018.
- Based on a report by Luyolo Mkentane at BusinessLive and a Bloomberg report also at BusinessLive
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