By Kola Olapite,South Africa According to the national treasury’s projection, South African economy may face another tough challenge as job losses could reach an unprecedented rate, about 50% which is projected to be up to 7 million people potentially losing their jobs resulting in the coronavirus pandemic that has brought a sharp contraction in the country’s economy due to the inevitable lockdown following the South African president’s declaration of national disaster in March 26th, 2020. The minister of Finance, Tito Mboweni and Treasury Director General, Dondo Mogajane, gave this…
7million jobs could be lost in South Africa, national treasury predicts
