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Mike Hosking: When it comes to the economy, none of this ends well Finance Minister Grant Robertson and Prime Minister Jacinda Ardern. (Photo / NZ Herald) Mike Hosking: When it comes to the economy, none of this ends well Mon, 12 Apr 2021, 3:46PM The government is lucky, as it turns out, that Covid is still front-and-centre because if it wasn’t - and it won t always be - a great deal more time would be currently spent on the economy. Kiwibank tell us the sugar-rush of spending is over. That mad dash we made post-lockdown last year to buy anything and everything is now finished. The household spending tracker was down nine percent in the March quarter - that is a massive fall. ....
UMhlathuze Municipality sets up relief measure for ratepayers Updated Nomfundo Ngcobo iStock It says a special relief incentive of 10% will be applied to the overdue accounts of all residential customers. The rebate, a COVID-19 relief measure will be implemented automatically. Mayor Mduduzi Mhlongo says it covers property rates, refuse removal and sewage tariffs between March and July 2020. He says they ve begun the process of writing off irrecoverable debts. ....
Unemployment rate jumps to a record high in SA Updated Newswatch unsplash It rose by 1.7 percentage points to 32.5 % in the last three months of 2020. According to Stats SA, over 700 000 more people were out of work between October and December compared to the third quarter. It took the number of unemployed to 7.2 million. The highest joblessness rates were among the age groups 15 to 24 and 25 to 34 at 63.2% and 41.2% respectively. [Thread] South Africa’s #unemployment rate increased by 1,7 percentage points to 32,5% in Q4:2020 compared to Q3:2020. ....