This budget is one of the most anticipated for many years with many questions still needing answers: How will the expected tax increases pan out? Will the Minister of Finance and his deputy keep their jobs? Will the budget incorporate “radical economic transformation” which has become the President’s mantra in the past few months? How will the ratings agencies view the budget and do we now face a ratings downgrade?
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2016 was our annus horribilis with drought, political uncertainty, low commodity prices, rising inflation and a weak currency. From such a low base, economists are arguing things should get better.
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If employees are required to take their lunch period during load shedding, the employer is required to pay the employee for lunch periods greater than seventy five minutes. With loadshedding usually lasting several hours, this puts you in another dead end. There is only so much training and staff meeting time a business needs to have, so what else can an employer do?
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