Sygnia has lost another longstanding member of its senior management; Duane Naicker, who was the head of Sygnia Umbrella Retirement Fund, has moved to Alexforbes.
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In the first of a three-part
series Duane Naicker delves into Covid-induced retrenchments and
what you’re owed if you’re one of the 2.2 million-plus South Africans who’ve
lost their job as a result of the pandemic.
More than 2.2 million
jobs in South Africa were lost by the second quarter of 2020 due to the
Covid-19 pandemic, according to Statistics South Africa data released in
October.
Let that sink in: 2.2
million more people (more by now) are out of work in job-starved South Africa;
leaving only 14.4 million out of a population of 59 million employed in both the
formal and informal sectors, according to Statistics SA.